TOKYO: Japanese shares ended lower on Wednesday, weighed down by cyclicals, as a resurgence in COVID-19 cases cast doubts over prospects of economic rebound, while falling interest rates dragged on banking and insurer stocks.
The Nikkei share average slipped 0.44% to close at 29,620.99, while the broader Topix ended 0.33% lower at 1,952.18.
Shipping firms and textiles led declines on the main bourse, with clothing materials maker Toray Industries losing 3.42%.
Department store operator J.Front Retailing dropped 7.42% to become the biggest loser on the Nikkei after flagging a disappointing annual profit forecast.
Insurers fell, with Dai-ichi Life Holdings down 2.13% and T&D Holdings losing 3.89%.
Mega banks also slipped, with Mitsubishi UFJ Financial Group losing 0.46% and Sumitomo Mitsui Financial Group dipping 0.82.
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