Japan stocks fell with the Nikkei slipped from highest level since May, with the yen continued to strengthen after Japan’s national exports fell for the third month, it also adds to signs that the global economy is weakening.
The Nikkei fell 0.3% to 9202.92 in Tokyo with trading volume nearly 10% higher than the average 30 day. The broader Topix index fell 0.1% to 763.84 with about four stocks fell every three stocks that rose. The yen advanced amid speculation that the Bank of Japan would hamper global stimulus efforts.
Canon Inc.. camera manufacturers which 80% came from overseas profits down 1.4%. Inpex Corp. Japan main oil exploration company by market value fell 1.8% after oil prices fell to near its lowest level in six weeks with a continued increase in inventory. Komatsu Ltd.. construction equipment manufacturers 13% of its sales in China fell 0.6% ahead of the release of Chinese manufacturing data.