TOKYO, Aug. 16 (Xinhua) — Japan’s benchmark Nikkei stock index closed decrease on Wednesday, monitoring losses within the U.S. market amid unsure sentiment over the doable downgrade of U.S. banks.
The 225-issue Nikkei Stock Average misplaced 472.07 factors, or 1.46 p.c, from Tuesday to shut the day at 31,766.82, the bottom stage in about two months.
The broader Topix index, in the meantime, completed 29.47 factors, or 1.29 p.c, decrease at 2,260.84.
Fitch Ratings warned on Tuesday that dozens of U.S. banks, together with JPMorgan, the most important financial institution within the nation, might be prone to sweeping ranking downgrades, which led to losses of financial institution shares.
In the Tokyo market, strikes to keep away from funding dangers prevailed, and a variety of shares have been bought. Bank shares equivalent to Mitsubishi and UFJ noticed important declines.
On the Prime Market, decliners have been led by oil and coal merchandise, wholesale commerce, and mining shares.
Issues that fell outpaced those who rose by 1,425 to 360, whereas 50 ended the day unchanged.
The turnover on the third buying and selling day of the week is estimated at 3.14 trillion yen (21.6 billion U.S. {dollars}).