Japanese
shares fell, with the Topix index dropping from its biggest gain in two
weeks, as commodities shares led losses following a decline in U.S.
stocks.
The
Topix index slipped 0.3 percent to 1,524.84 as of 9:09 a.m. in Tokyo,
with 26 of the 33 industry groups falling. The measure posted its
biggest gain since Dec. 17 on Monday on the lowest turnover in a year.
The Nikkei 225 Stock Average lost 0.3 percent to 18,824.74. The yen
traded little changed at 120.35 per dollar after falling for the first
time in five days yesterday.
E-mini
futures on the Standard & Poor’s 500 Index were unchanged. The
underlying measure dropped 0.2 percent on Monday after resuming trading
following a Christmas holiday. Energy companies resumed their familiar
role as the market’s worst performers, while gains in Amazon.com Inc.
and Walt Disney Co. helped mute declines.
Oil
led a retreat among commodities Monday, sliding 3.4 percent from a
three-week high as Iran repeated its goal of boosting exports after
sanctions on the country are lifted. A drop in Chinese industrial
profits also weighed on sentiment toward raw materials.
Source : Bloomberg
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