Japan Shares Slide on Tech Selloff as North Korea Fires Missile
- Equities reverse early gain as yen strengthens against dollar
- Nintendo, SoftBank, Sony drag on benchmark Topix index
North Korea Test-Fires Ballistic Missile
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Japanese shares fell as a selloff in technology shares continued in Asia and North Korea fired a missile, spurring gains in the yen.
The benchmark Topix index erased an advance of as much as 0.7 percent, led lower by Nintendo Co., SoftBank Group Corp., Sony Corp. and Panasonic Corp. Chief Cabinet Secretary Yoshihide Suga said the rocket may have fallen into waters that include Japan’s Exclusive Economic Zone. North Korea said after the market closed that it was an intercontinental ballistic missile. It had earlier said it would make an “important announcement” at 3:30 p.m.