Nikkei ends transactions near the lowest level in a month affected by economic concerns

The Japanese Nikkei index ended Thursday’s transactions near the lowest level in a month, affected by a weak closing of Wall Street amid economic concerns, as well as the results of companies’ business.

The Nikkei fell 0.4 percent to close at 27,574.43 points, its lowest closing level since November 10.

The broader Topix index fell 0.35 percent to 1,941.50 points.

The Standard & Poor’s 500 closed lower in the evening after a volatile session on Wall Street as investors tried to find a clear direction while assessing how tightening monetary policy at the US central bank would affect companies.

On the Tokyo Stock Exchange, chip maker Tokyo Electron fell 0.94 percent, gaming and audio equipment maker Sony Group fell 1.93 percent, and robotics maker Fanuc fell 0.6 percent.

Engine maker Nidec fell 2.89 percent, the worst performer on the Nikkei index.

On the other hand, SoftBank Group shares jumped 2.15 percent and were the most supportive of the Nikkei index, after a report stated that Group CEO Masayoshi Son raised his stake in the company to 34 percent, approaching the acquisition of the company.