Tokyo: Japan’s Nikkei stock average fell 2.1% on 9 May, marking its first weekly decline in eight weeks, dragged down by exporters such as Honda Motor Co Ltd and Canon Inc on a stronger yen.
Toyota Motor lost 3.3% after the world’s biggest automaker forecast a larger-than-expected profit decline.
The market extended its falls in the afternoon, after Takeda Pharmaceutical Co Ltd slid further after the company said it expects a sharp fall in annual income for this year.
The benchmark Nikkei average ended down 287.92 points at 13,655.34. The index fell 1.7% in a week shortened by national holidays. The broader TOPIX index shed 2.3% to 1,341.76.