Nikkei 225 Erases 2015 Gain as China Exports Outweigh Japan GDP
- China's August exports, imports slump from year earlier
- Japan second-quarter GDP shrank less than initially reported
Stocks fell in Tokyo, with the Nikkei 225 Stock Average erasing its gains in 2015, after data showing Chinese exports dropped for a second month outweighed a report indicating Japan’s economic slowdown is not as deep as first reported.
MS&AD Insurance Group Holdings Inc. slid 2.6 percent after saying it was considering an acquisition of British rival Amlin Plc. Alps Electric Co. dropped 3.7 percent despite a report from Credit Suisse Group AG that said the supplier to Apple Inc. should benefit from the release of new iPhone models. Nomura Holdings Inc. sank 3 percent after Barclays Plc cut its rating on the brokerage. Pioneer Corp. jumped 8.4 percent after the electronics maker said it began collaboration with a German company to develop automated-driving maps.