Mubasher: Stocks on the Tokyo Stock Exchange closed Monday in the negative territory, following suit of their Chinese peers.
Nikkei share average lost 1% to finish at the day’s low of 16,026.76, while the broad Topix index closed down 1% at 1,297.85.
JPX-Nikkei Index 400 also slid 1.1% to 11,755.65.
Mohamed Alshmemri, global market analyst, said Monday’s fall was expected after official data showed a potential rise in China’s deficit which raised investors’ concerns about the world’s second-biggest economy.
China’s Minister of Finance Lou Jiwei said on Friday that his country may widen deficit to more than 3% in 2016.
Shanghai Composite dropped 2.8% to shut at 2,687.98 points, its lowest in one month.
The yen rose by 0.9% against the dollar to reach 112.9 per dollar.
