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Jan. 6, 2015, 4:05 a.m. EST

Nikkei posts biggest one-day fall in almost 10 months

Energy shares suffer heavily in Tokyo and Hong Kong

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By Laura He, MarketWatch


Reuters
Japanese stocks lead losses in Asia on Tuesday.

HONG KONG (MarketWatch) — Japan’s stock market posted its worst one-day decline in nearly 10 months Tuesday, with other Asian markets also falling sharply, as the continuing slide in oil prices weighed on investors.

Japan’s Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK -0.39%  ended down 3%, extending a four-day losing streak, for its biggest daily percentage fall since March. The broader Topix /zigman2/quotes/210598092/delayed JP:180460 -0.03%  settled 2.9% lower.

The decline followed a selloff in U.S. markets Monday, triggered by another plunge in oil prices, that left the Dow and the S&P 500 with their worst losses since October.

Among top underperformers on the Nikkei Tuesday, oil and gas producer Inpex Corporation /zigman2/quotes/206689846/delayed JP:1605 -0.23%   /zigman2/quotes/207958170/delayed IPXHY -0.66%  sank 5.8%, rival Japan Petroleum Exploration Co. /zigman2/quotes/201212147/delayed JP:1662 -1.14%   /zigman2/quotes/202925532/delayed JPTXF -1.12%  lost 4.8%, insurer Dai-Ichi Life Insurance Co. Ltd. /zigman2/quotes/208507587/delayed JP:8750 +0.89%   /zigman2/quotes/200865545/delayed DCNSF +5.67%  dropped 4.6% and console maker Nintendo Co. Ltd.   gave up 4.2%.

The yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.4906% , meanwhile, rose against the dollar, with the greenback slipping to ¥119.14, from ¥120.33 a day earlier.

In other Asian markets, Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.09%   finished down 1%, as energy names and casino operators suffered heavily. Among them, China’s largest offshore oil producer Cnooc Ltd. /zigman2/quotes/203421416/delayed HK:883 -0.33%   /zigman2/quotes/204964401/composite CEO -1.55%  retreated 3.2%, and Melco Crown Entertainment Ltd.   extended recent losses to move 2.3% lower amid plans to delist the shares from the Hong Kong exchange.

Over on the Chinese mainland, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +0.31%  closed up less than 1% after a choppy trading session. The index rallied 3.6% Monday.

Sydney’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.33%  shed 1.6%, and Seoul’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 -1.49%  retreated 1.7%.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,386.74
-92.41 -0.39%
Volume: 0.00
Feb. 21, 2020 3:15p
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/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,674.00
-0.48 -0.03%
Volume: 0.00
Feb. 21, 2020 3:00p
loading...
/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 1,069.50
-2.50 -0.23%
Volume: 4.30M
Feb. 21, 2020 3:00p
P/E Ratio
9.94
Dividend Yield
3.37%
Market Cap
¥1565.33 billion
Rev. per Employee
¥291.81M
loading...
/zigman2/quotes/207958170/delayed
US : U.S.: OTC
$ 9.45
-0.06 -0.66%
Volume: 14,128
Feb. 21, 2020 3:58p
P/E Ratio
9.57
Dividend Yield
1.87%
Market Cap
$13.97 billion
Rev. per Employee
$2.64M
loading...
/zigman2/quotes/201212147/delayed
JP : Japan: Tokyo
¥ 2,766.00
-32.00 -1.14%
Volume: 218,000
Feb. 21, 2020 3:00p
P/E Ratio
7.93
Dividend Yield
1.81%
Market Cap
¥159.91 billion
Rev. per Employee
¥156.48M
loading...
/zigman2/quotes/202925532/delayed
US : U.S.: OTC
$ 21.16
-0.24 -1.12%
Volume: 0.00
Dec. 30, 2019 5:19p
P/E Ratio
6.63
Dividend Yield
N/A
Market Cap
$1.16 billion
Rev. per Employee
$1.42M
loading...
/zigman2/quotes/208507587/delayed
JP : Japan: Tokyo
¥ 1,644.00
+14.50 +0.89%
Volume: 3.68M
Feb. 21, 2020 3:00p
P/E Ratio
9.33
Dividend Yield
3.77%
Market Cap
¥1844.94 billion
Rev. per Employee
¥103.65M
loading...
/zigman2/quotes/200865545/delayed
US : U.S.: OTC
$ 16.40
+0.88 +5.67%
Volume: 5,700
Feb. 19, 2020 5:20p
P/E Ratio
10.17
Dividend Yield
N/A
Market Cap
$18.68 billion
Rev. per Employee
$938,831
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
111.5550
-0.5500 -0.4906%
Volume: 0.0000
Feb. 21, 2020 4:59p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,308.81
-300.35 -1.09%
Volume: 1.77M
Feb. 21, 2020 4:08p
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 12.18
-0.04 -0.33%
Volume: 58.19M
Feb. 21, 2020 4:08p
P/E Ratio
8.23
Dividend Yield
5.99%
Market Cap
HK$545.59 billion
Rev. per Employee
HK$13.96M
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/zigman2/quotes/204964401/composite
US : U.S.: NYSE
$ 155.70
-2.45 -1.55%
Volume: 159,223
Feb. 21, 2020 6:30p
P/E Ratio
8.25
Dividend Yield
5.36%
Market Cap
$70.61 billion
Rev. per Employee
$1.78M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,039.67
+9.52 +0.31%
Volume: 36.46B
Feb. 21, 2020 3:01p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,139.00
-23.50 -0.33%
Volume: 1.07M
Feb. 21, 2020 5:17p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,162.84
-32.66 -1.49%
Volume: 635,474
Feb. 21, 2020 3:33p
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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