Japan Nikkei225 drops 0.9% on Abe's falling popularity

The Japan share market finished session down on Monday, 19 March 2018, as risk aversion selloff triggered after a cronyism and document-tampering scandal reduced public support ratings for the administration of Prime Minister Shinzo Abe's cabinet. The yen's rise against the dollar also dampened investor sentiment. Many market players retreated to the sidelines to wait and see the outcome of a two-day meeting of the U.S. Federal Reserve's policy-setting Federal Open Market Committee through Wednesday. Among TSE 33 sectors, precision instrument, securities and electric appliance-linked issues comprised those that declined the most by the close of play. The 225-issue Nikkei average fell 195.61 points, or 0.90%, to end at 21,480.90. The Topix index of all first-section issues closed down 16.66 points, or 0.96%, at 1,719.97.

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