The share average of Nikkei on Monday dropped on strong yen and as suppliers of Apple Inc. got anxious over weak iPhone sales overseas.
Japan’s Nikkei fell 1.3 percent to 16,544.56.
The broader Topix and JPX-Nikkei Index 400 fell 1.0 percent to 1,335.84 and 1.1 percent to 11,976.89, respectively.
Apple suppliers TDK Corp suffered a decline of 6.3 percent, Japan Display Inc. plummeted 7.4 percent and Murata Manufacturing fell 3.3 percent after market research firm GfK said new iPhone’s European sales would be lower than iPhone 6’s pace.
The material has been provided by InstaForex Company – www.instaforex.com