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Japanese stocks lead Asian markets lower | Japanese stocks lead Asian markets lower |
(about 5 hours later) | |
Japanese shares lost ground as oil prices fell and the yen strengthened slightly against the dollar. | |
By the close of trade, Tokyo's Nikkei 225 index was down 0.9% at 16,498.76. | |
Shares in carmaker Nissan fell 0.8% as reports suggested the company might sell its stake in auto parts supplier Calsonic Kansei. | |
The sale would generate cash to help develop electric cars and artificial intelligence, the Nikkei newspaper reported. | The sale would generate cash to help develop electric cars and artificial intelligence, the Nikkei newspaper reported. |
Last month, Nissan took a 34% stake in Mitsubishi Motors to support the embattled company after it admitted falsifying fuel consumption figures. | |
Major foreign car parts makers, as well as US and European investment funds, appear to be interested in the stake, the Nikkei reported. | Major foreign car parts makers, as well as US and European investment funds, appear to be interested in the stake, the Nikkei reported. |
In China, the mainland Shanghai Composite index fell 0.3% to 2,837.39, while Hong Kong's Hang Seng was flat at 19,783.56 points. | |
South Korea's Kospi index ended the trading day down 0.9% at 1,937.68. | |
In Australia, the ASX/200 closed 0.4% lower at 5,295.60. |