Tech leads Nikkei decline however yen’s retreat caps losses

The 225-issue Nikkei common fell on Monday, with expertise shares among the many largest decliners, though the benchmark index escaped steeper losses because the yen retreated from a one-month excessive.

The Nikkei ended the day down 0.48%, at 36,215.75, recovering the psychological 36,000 mark after dropping beneath it for the primary time since Aug. 13 earlier. At its lowest level of the session, the Nikkei was down 3.14%.

Semiconductor shares led decliners on the benchmark all through the day, following a pointy slide amongst Wall Street friends on Friday. Chipmaking tools large Tokyo Electron sank 2.27% to be the largest loser in index level phrases. Chip-testing equipment maker Lasertec, which shed 4.8%, was the largest loser in share phrases.