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The Nikkei fell 204 points, or 0.71 percent, to close at 28,600.41 points, and it had fallen during the session to below 28,500 points, its lowest level in ten days.
The broader Topix index fell 0.34 percent to 1995.42 points.
Gold futures rose 0.16% to $1,799.01. While the dollar, which usually moves in reverse with gold, fell on Monday. However, the US dollar stabilized from its steepest weekly losses in more than a month, adding to pressure on the yellow metal.
The Turkish lira plunged to an unprecedented low of 9.85 against the dollar on Monday after President Recep Tayyip Erdogan said at the weekend that he had ordered the expulsion of ambassadors of the United States and nine other Western countries.
The lira was last recorded at 9.7150 and was in a range between 9.7225 and 9.7600.
Oil prices rose during Monday’s trading, as US crude recorded its highest level in seven years, supported by increased global demand, in light of the continued recovery of economies from the repercussions of the coronavirus pandemic.
Brent crude futures, the standard for December delivery, rose by 0.8% to $86.25 a barrel. The US NYMEX crude contracts for December delivery also increased by 1% at $84.56 a barrel.
