Japanese Stocks Close Lower For The Fourth Day

Japan’s Nikkei closed lower on Tuesday for the fourth consecutive session as tensions escalated over Ukraine.

The Nikkei fell 1.71 percent to 26,449.61 points, but it made up for part of a 2.5 percent loss. The broader Topix index fell 1.55 percent to 1881.08 points, to close down for the fourth session as well.

Shares of 199 companies out of 225 companies listed on the Nikkei index fell, the consumer services sector was the worst performer, and the basic materials and technology sectors also witnessed significant losses.

The health care and energy sectors were able to achieve gains, and the energy sector was supported by higher oil prices and the health care sector, with the share of the drug company Daiichi Sankyo rising 9.55 percent after it announced positive results for its anti-cancer drug, which it jointly developed with AstraZeneca.

Chipmaker Tokyo Electron was the worst performer on the Nikkei, down 4.04 percent. Competitor Advantest fell 4.80 percent and Renesas fell 5.53 percent.

Automaker Nissan fell 6.02 percent and Toyota 2.28 percent.