Japanese stocks fell for a third day after the yen jumped against the dollar by the most in three months, damping the outlook for exporters.
The Topix index retreated 0.7 percent to 1,544.13 as of 9:02 a.m. in Tokyo, headed for the lowest close in a month as all but one of the gauge’s 33 industry groups fell. The Nikkei 225 Stock Average lost 1 percent to 19,107.02 The yen traded at 121.59 per dollar after soaring 1.2 percent on Wednesday, the most since Sept. 1. Crude oil resumed its decline in the U.S. amid ongoing concerns of a global supply glut.
E-mini futures on the Standard & Poor’s 500 Index rose 0.3 percent after the underlying measure lost 0.8 percent on Wednesday to close at its lowest level in a month.