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Tokyo shares snap 3 classes of positive factors

TOKYO, Aug. 9 (Xinhua) — Tokyo shares snapped three consecutive classes of positive factors on Wednesday, with sentiment chilled by a significant credit score company’s score cuts for a number of U.S. banks.

Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, dropped 172.96 factors, or 0.53 %, to complete at 32,204.33.

The broader Topix index, in the meantime, completed 9.16 factors, or 0.40 %, decrease at 2,282.57.

Toyota Motor declined 28 yen, or 1.2 % to 2,395.5, whereas air con maker Daikin plunged 3,215 yen, or 11.4 %, to 25,020 yen.

Bank points had been decrease, monitoring their U.S. counterparts, after the downgrading of a number of lenders by credit standing company Moody’s reignited fears concerning the well being of U.S. banks and the financial system.

Mitsubishi UFJ Financial Group fell 34.5 yen, or 3.1 %, to 1,095 yen.