The stock market in Japan ended in negative territory on Monday, on concerns about global economic recovery and financial markets after the US President Barack Obama unveiled plans to regulate banks in an effort to limit risk taking. Weak closing on Wall Street on Friday, concerns about China's policy to cool down its over-heating economy as well as weak trading across other markets in the region impacted market sentiment. Weakening of the local currency against the US dollar and remaining above 90 yen per US dollar, however, limited the losses partially.
The benchmark Nikkei 225 Index declined 77.86 points, or 0.7%, to 10,513, while the broader Topix index of all First Section issues fell 6.35 points, or 0.7%, to 935.
Light sweet crude oil futures for March delivery ended at $74.53 a barrel in electronic trading, down $0.01 per barrel from previous close at $74.54 a barrel in New York on Friday.
Real estate stocks ended in negative territory. Sumitomo Realty & Development declined 2.04%, Mitsubishi Estate fell 2.20%, Mitsui Fudosan lost 1.84%, Heiwa Real Estate shed 2.08% and Tokyu Land Corp. slipped 1.41%.
Insurance stocks also ended weaker. Sompo Japan Insurance shed 1.13%, T&D Holdings lost 2.01%, Tokio Marine Holdings fell 1.80%, and Mitsui Sumitomo Insurance Group Holdings declined 2.17%.
Shipping stocks ended declined. Kawasaki Kisen Kaisha slipped 0.29%, Mitsui OSK Lines fell 1.32% and Nippon Yusen lost 2.04%.
Trading companies ended lower. Mitsubishi Corp. slipped 1.09%, Sumitomo Corp. fell 2.12%, Toyota Tsusho Corp. lost 1.45% and Mitsui & Co. plunged 21.52%.
Mixed trading was witnessed among automotive stocks. Honda Motor fell 1.70%, Suzuki Motor shed 1.21%, Nissan Motor slipped 1.20%, and Mitsubishi Motor shed 0.75%. However, Toyota Motor Corp. ended in positive territory with a gain of 0.12%.
Banking stocks also ended mixed. While Resona Holdings surged up 2.82% and Sumitomo Mitsui Financial remained unchanged previous close, Mizuho Financial lost 1.05% and Mitsubishi UFJ Financial fell 1.22%.
In the U.S., stocks saw sharp losses to close out the week on Friday, as uncertainty regarding the reconfirmation of Federal Reserve Chairman Ben Bernanke, China's aim to curb economic growth and newly proposed financial regulations all drove the selling pressure. The major averages all closed firmly in the red, adding to the steep losses posted in the two previous sessions. The Dow fell by 216.90 points or 2.1% to 10,173, the Nasdaq lost 60.41 points or 2.7% to end at 2205 and the S&P 500 declined by 24.72 points or 2.2% to 1,092.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.