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Japan shares fall following Wall Street's losses

Japan shares fall following Wall Street's losses

Japanese shares closed lower Tuesday following overnight losses on Wall Street, sending financial issues tumbling amid renewed concern about the health of the banking system.
The benchmark Nikkei 225 stock index lost 1.5 percent, or 150.16 points, to 10,212.46 points. The broader Topix index closed down 1.7 percent at 895.48.
Investors dumped shares after U.S. stocks fell Monday and anxiety grew about the market overheating given the troubles still facing major Western economies and a number of financial companies. The Dow Jones industrial average fell 104.22, or 1.1 percent, to 9,867.96.
In Tokyo, banking, brokerage and other financial issues retreated.
Nomura Holdings fell 2.0 percent to 641 yen. Sumitomo Mitsui Financial Group Inc. lost 1.6 percent to 3,090 yen, and rival Mitsubishi UFJ Financial Group Inc. fell 1.1 percent to 465 yen.
Major exporter shares also fell, with Toshiba Corp. losing 1.4 percent to 3,600 yen and Toyota Motor Corp. declining 2.9 percent to 544 yen.
In currencies, the dollar slipped to 92.02 yen from 92.21 yen late Monday in New York. The euro rose to $1.4910 from $1.4861.


Updated : 2021-07-24 13:54 GMT+08:00