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.
In an effort to expand upon the "Cool Japan" initiative, a program intended to broaden foreign tourists' knowledge and understanding of Japanese culture and industries, a committee of specialists has submitted a proposal that includes establishing "special English zones" in large cities where English would be one of the officially spoken languages. (Japan Today)
The death toll from landslides in Hiroshima increased to 70 on Wednesday, while 18 people remained missing after the first of the rain-induced landslides hit the northern part of the western Japan city on Aug. 20. (Jiji Press)
The National Police Agency and Ministry of Internal Affairs and Communications plan to assign an extra 3,000 officers over the next three years to deal with stalking and bank transfer fraud cases which are increasing. (Japan Today)
A Japanese district court ordered Tokyo Electric Power Co. on Tuesday to pay some 49 million yen in compensation over the suicide of an evacuee from the March 2011 nuclear accident at the company's Fukushima No. 1 power plant. (Jiji Press)
Thai police said Monday (Aug 25) they have questioned five women who were paid up to US$12,500 each by a Japanese man known to them as "Jack" to act as surrogate mothers. The case emerged after nine babies were found with nannies in a Bangkok apartment. (channelnewsasia.com)