Japan's Topix Falls Sixth Day for Worst Start to Year on Record
- Energy explorers lead drop as oil falls below $31 a barrel
- Index erases gains from 2015 amid turmoil in China markets
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Japanese stocks fell for a sixth day, capping the worst start to a year on record, as markets reopened after a public holiday. Energy explorers led declines as crude oil prices tumbled.
The Topix index tumbled 3.1 percent to 1,401.95 in Tokyo, the lowest closing level in more than three months and erasing gains from 2015. The Nikkei 225 Stock Average dropped 2.7 percent to 17,218.96 to cap its longest losing streak since August amid turmoil in Chinese equity and currency markets. The yen traded at 117.52 per dollar, from 118.29 when Japan’s stock market closed on Friday.