Nikkei falls on global slowdown fears
The Nikkei average fell on Monday as investors worried about rising global and domestic growth as a result of a long and extensive tariff war between the United States and major trading partners.
Heavyweight Softbank fell 6.2 percent after the Wall Street Journal reported that the bank's efforts to raise funds for a second large fund were received by some senior fund managers in the year.
The Nikkei <.N225> was down 0.9 percent at 2,204.88 points, its lowest closing level since Feb. 9. The index fell 1.4 percent to its lowest level in four and a half months at 20,305.74.
The yen's modest gains have also hurt export firms already under pressure from global trade disputes. The dollar was down 0.1 percent at 108.19 yen, after hitting Asian trade at the lowest level since January 14 at 108.10 yen in Asian trading.
Fanuk Corp. lost 3.3 percent, Yashkawa Electric fell 1.8 percent, Tokyo Electron fell 2.1 percent, Komatsu fell 1.8 percent and the broader TOPIX <.TOPX> was down 0.9 percent at 1,498.96.
Nikkei
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