Japan's Nikkei share average fell on Monday in choppy trade as worries about Chinese economic and financial stability soured investor sentiment, dragging down China-related stocks such as construction equipment makers and some exporters.
The benchmark Nikkei, which climbed as much as 1.5 percent early in the session, ended the day down 1.3 percent at 13,062.78.
Of 33 Topix subsectors, 25 were lower, with China-related stocks have the largest declines. The Nikkei China 50 index fell 1.9 percent.
Komatsu Ltd dropped 4.6 percent and Hitachi Construction Machinery Co by 3.7 percent. Fanuc Corp skidded 2.3 percent and Nissan Motor Co slid 3.4 percent.
Early on Monday, the Nikkei rose, supported by a weak yen. But a sell-off in other Asian markets, which were in oversold territory, erased the gains.
China bank shares led the downward spiral after official news reports at the weekend suggested Beijing would continue to keep monetary policy tight.
Seventy seated Buddhist monks intoned "nenbutsu" prayers and "wasan" hymns while swaying their bodies in unison during the annual memorial service at the famed Higashi-Honganji temple in Shimogyo Ward here on Nov. 28. (Asahi)
Tokyo Metropolitan Police on Friday re-arrested more than a dozen suspects, including one organized crime member, as a part of an ongoing health insurance fraud investigation that now includes comedians affiliated with a major entertainment agency, reports Sports Hochi (Nov. 28). (Tokyo Reporter)
No major gangster bloodbath has occurred in the three months since Japan's largest yakuza organization, Yamaguchi-gumi, split into two rival mobs, but to say the sides are living in harmony would be an exaggeration. (Asahi)
Government figures show a sharp and continuous fall-off in the number of farmers over the past five years that potentially threatens the landscape as its stewards leave the sector and are not replaced. (Japan Times)