Tokyo: Tokyo's benchmark Nikkei 225 index dropped more than 1.3 percent Wednesday, with high-tech and auto shares slumping after Wall Street falls discouraged investors despite receding fears of a trade war.
The Nikkei 225 lost 1.34 percent or 286.01 points to close at 20,031.31, while the broader Topix index fell 1.02 percent or 17.57 points to 1,699.56.
"The Tokyo market is affected by falls on Wall Street and the fact that today is an ex-dividend date," or the date buyers lose their rights to dividends, Kyoko Amemiya, senior market adviser at SBI Securities, told AFP.
Shares were also affected by bad news for the electric carmaker Tesla, including the US authorities' investigation into a fatal crash involving a Tesla vehicle last week in California, she said.
"The currency market is reacting calmly" to news of talks between North Korean leader Kim Jong Un and China's President Xi Jinping, she added.
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