Nikkei drops for third day

Japan share market declined for third consecutive session on Wednesday, 09 March 2016, as risk sentiments pressured by weak lead from Wall Street overnight and the yen's ascent particularly against the dollar. However losses were limited ahead of the results of the European Central Bank's board meeting on Thursday. Every industry category on the main section except fishery, agriculture and forestry, and information and communication issues lost ground, led by marine transport, nonferrous metal, and iron and steel issues. The 225-issue Nikkei Stock Average ended down 140.95 points, or 0.84%, from Tuesday at 16642.20. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 15.39 points, or 1.14%, lower at 1332.33.

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