Japanese Stocks Fall as Rout in U.S. and Europe Spreads to Asia
- Traders betting 74% chance Fed will raise U.S. rates this week
- BOJ's large manufacturers Tankan reading beats estimates
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Japanese stocks fell, with the Topix index closing at the lowest level in more than a month, as a rout in U.S. and European equities spread to Asia. Energy explorers led declines.
The Topix dropped 1.4 percent to 1,527.88 in Tokyo, its lowest close since Nov. 2, as all but one of its 33 industry groups retreated. The Nikkei 225 Stock Average lost 1.8 percent to 18,883.42. U.S. and European stocks slumped on Friday as a rout in oil prices and ructions in the junk-bond market boosted investor anxiety ahead of the Federal Reserve’s final meeting of 2015.