TOKYO: Tokyo stocks fell on Monday morning amid subdued investor sentiment after Chinese economic indicators released over the weekend painted a mixed picture of the world’s second-largest economy.
The 225-issue Nikkei Stock Average shed 91.08 points, or 0.50 percent, from Friday to end the morning at 18,173.14. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 4.98 points, or 0.34 percent, to 1,475.25.
Decliners were led by mining, information and communication and oil and coal products.
The Nikkei and Topix both opened higher before quickly falling into negative territory.
Although China’s August retail sales data exceeded market expectations, other indicators came in soft, doing little to alleviate ongoing concerns about Chinese economic health, said Chihiro Ota, general manager of investment research at SMBC Nikko Securities Inc.
