Japan’s Topix index dropped in thin trading, reversing earlier gains, as paper companies and brokerages led the decline.
Japanese stocks advanced, erasing earlier declines, as exporters rebounded after the yen weakened. Shares earlier followed U.S. stocks lower amid continued concern about the potential for tighter monetary conditions in the world’s largest economy.
Japan’s Nikkei 225 Stock Average may surpass 10,300 after its chart formed a so-called double bottom, according to Mizuho Securities Co.
Japan’s Topix index fell for a fifth day, capping its longest losing streak in six months, as the yen rose and China’s trade data unexpectedly fell.
Japanese shares fell, with the Topix index dropping for the first time in three days, weighed down by earnings results that disappointed investors.
Japan stocks fell on the busiest day of earnings season, with the Topix index completing a third straight monthly decline, as the yen traded near a one-month high to the dollar.
"Stocks will stop falling for now."
- Yutaka Miura on Oct 16, 2014