Japan’s Stocks Fall on Monday

Tokyo, – Japan’s stocks fell on Monday, with a strong yen souring overall sentiment and Apple Inc’s suppliers underperforming on worries about weak overseas iPhone sales, while some investors turned their focus to the US presidential debate.

The Nikkei dropped 1.3% to 16,544.56. The broader Topix dropped 1.0% to 1,335.84 and the JPX-Nikkei Index 400 declined 1.1% to 11,976.89.

Apple suppliers TDK Corp tumbled 6.3%, Japan Display Inc dived 7.4% and Murata Manufacturing shed 3.3% after market research firm GfK said that new iPhone’s European sales would be lower than iPhone 6’s pace.

Source: Qatar News Agency