Nikkei slips below 19K level

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Capital Market
Last Updated : Aug 31 2015 | 10:13 PM IST
Japanese share market closed down for the first time in four consecutive sessions on Monday, 31 August 2015, as investors' booked partial profit after weak July industrial production figures. Risk sentiments also backpedalled on intensifying confusion over policy direction in the world's two largest economies. The Nikkei Stock Average declined 245.84 points, or 1.28%, to end at 18890.28 points, capping a 8.2% monthly loss, the worst since January 2014. The broader Topix index ended down 0.8% to 1,537.05 at the close in Tokyo, posting a 7.4% drop in August, the biggest such plunge since May 2012.

Preliminary industrial production released Monday by the Ministry of Economy, Trade and Industry, showing Japan industrial production down unexpectedly by 0.6% in July from the previous month, defying forecasts of a small increase following June's 1.1% rise, a preliminary reading on Monday showed. That followed a 1.1% increase in June.

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First Published: Aug 31 2015 | 6:09 PM IST

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