Japanese stocks slipped, paring the Topix index’s second straight monthly gain, as insurers, shippers and energy explorers led declines.

The Topix index fell 0.6 percent to 1,585 at the trading break in Tokyo, with about nine shares declining for every eight that rose. The measure is on course for a 1.7 percent advance in November following its biggest increase in 2 1/2 years in October. The Nikkei 225 Stock Average slipped 0.4 percent to 19,807.43.

Data on Monday showed Japan’s industrial production rose 1.4 percent in October from a month earlier, missing economists forecasts for a 1.8 percent gain.

Parcel delivery company Yamato Holdings Co. tumbled 3.9 percent to lead declines on the Nikkei 225. Daito Trust Construction Co. gained 0.8 percent after Daiwa Securities Group Inc. raised its investment rating on the real-estate company. Exporters including Toyota Motor Corp. and Honda Motor Co. gained after yen strengthened against the dollar on Friday.

Source: Bloomberg