Nikkei extends losses on geopolitical tension over North Korea

The Japan share market finished session at three-month low on Monday, 14 August 2017, as a firmer yen compounded ongoing concern over tension between North Korea and the U.S. however, the market's downside drew support from data showing Japan's solid economic growth. Most of the TSE sectors declined, with iron and steel, nonferrous metal and metal product-related issues comprised those that declined the most by the close of play. The 225-issue Nikkei Stock Average lost 192.64 points, or 0.98%, from Thursday to finish the day at 19,537.10, marking its lowest close since May 2. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 18.19 points, or 1.12%, lower to close at 1,599.06. Japan share market dosed on Friday, 11 August 2017, for Obon holiday.

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