Nikkei falls for straight third day

The Japanese share market finished down for third straight session after swinging between gains and losses on Wednesday, 02 September 2015. Investors were mostly bearish on risk assets due to yen appreciation against major currencies, concerns about China economic growth slowdown and prospect of a Federal Reserve rate increase this month. Total 29 out of 33 TSE sectors ended down, with shares of pulp & paper, mining, oil & coal products, Iron & steel, nonferrous metals, and marine transportation issues being major drag on the market. The Nikkei Stock Average ended lower by 70.29 points, or 0.4%, to end at 18095.40 points, following a 1.3% loss on Monday. The broader Topix index ended down 0.82%, or 12.12 points, to 1465.99 at the close in Tokyo.

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