Japanese shares fell, capping a second week of declines, after a warning by the European Central Bank about that region’s economic outlook sparked a rout in U.S. shares.
Honda Motor Co., which gets more than 80 percent of its revenue abroad, slid 1.5 percent. Mitsubishi Materials Corp., which processes metals including copper and zinc, tumbled 2.6 percent after a report it missed its first-half operating profit forecast. Gree Inc. jumped 8 percent after saying it will join a game-development venture with messaging-app operator Line Corp. Fast Retailing Co., which owns the Uniqlo clothing chain, added 1.7 percent on a higher profit forecast.
The Topix (TPX) lost 1.4 percent to 1,243.09 in Tokyo, its lowest close since Aug. 8, as all 33 industry groups slid. The gauge declined 3.1 percent this week and dropped 7.7 percent from its recent high on Sept. 25. Volume on the measure was 32 percent above the 30-day average. The Nikkei 225 Stock Average retreated 1.2 percent to 15,300.55, giving up 2.6 percent in its third straight weekly decline. The yen traded at 107.73, set for its first weekly advance since August.