The FINANCIAL — According to Dow Jones, Japanese stocks retreated sharply January 28 from advances in the three previous sessions, as financials such as Mitsubishi UFJ Financial Group and exporters like Nintendo Co. declined.
The Nikkei 225 Average fell 1.8% to 13,389.80 and the broader Topix index lost 1.5% at 1,324.27.
Shares of Mitsubishi UFJ (MTU) fell 2.6% and Sompo Japan Insurance Co.lost 1.6% among financials, while Nintendo (NTDOY) sank 6.2%
New Zealand's NZX 50 index slipped 0.2% to 3,721.28, while South Korea's Kospi dropped 1.5% to 1,667.15.
The Australian stock markets were closed Monday for a national holiday.
In currencies, the U.S. dollar rose 0.1% to 106.74 yen, while the New Zealand dollar gained 0.1% at $0.77.
March crude oil futures slipped 49 cents to $90.22 a barrel in electronic trading, after finishing up $1.30 at $90.71 a barrel on the New York Mercantile Exchange.
On Wall Street, the Dow Jones Industrial Average (DJI) fell 171.4 points to 12,207.2 and the S&P 500 index (SPX) declined 21.46 points. The Nasdaq Composite (RIXF) dropped 34.72 points to 2,326.20.
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