Japan Market falls on ex-dividend impact, stronger yen

The Japan share market declined the most in two-and-a-half weeks on Wednesday, 28 September 2016, as more than half the companies on the benchmark traded without the right to the next dividend, a biannual event in Japan. Total 30 out of 33 TSE industry group declined, with Securities & Commodities Futures, mining, Banks, Financial Business, Marine Transportation, and Oil & Coal Products issues being major losers. The 225-issue Nikkei Stock Average ended lower 218.53 points, or 1.31%, at 16,465.40. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 18.45 points, or 1.37%, lower at 1,330.77.

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