TOKYO: Japan’s Nikkei share average ended at a more than two-week low on Tuesday, as the yen strengthened after US President Donald Trump fired a Federal Reserve governor.
The Nikkei snapped a two-session winning run, falling 0.97 percent to 42,394.4, its lowest close since August 8.
The broader Topix slipped 1.08 percent to 3,071.99.
“The market was surprised with the news about Cook and reacted accordingly,” said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory.
“Also, investors calmed down from the previous session, in which optimism about the Federal Reserve’s policy loosening boosted equities. We will have to wait for more data until the Fed’s policy decision.”
Wall Street stocks ended lower overnight as investors parsed the US interest rates outlook and looked ahead to AI chipmaker Nvidia’s quarterly earnings this week.