TOKYO: Japanese stocks fell by the most in over a month, extending losses from late last week following hawkish comments from the Federal Reserve.
Uniqlo operator Fast Retailing Co. and SoftBank Group Corp., two of the most heavily weighted stocks on the Nikkei 225, were the largest contributors to the loss in the index, which slid as much as 3% in its fourth day of declines.
Electronics and chemicals makers were the biggest drags on the broader Topix, which was down 2.3% as of 9:50 a.m., with all but one industry group in the red.