Japanese stocks fell for the first time in three days, amid low trading volumes, as steelmakers and tire manufacturers declined and data showed China’s economy grew at the slowest quarterly expansion since 2009.
Sumitomo Mitsui Construction Co. fell 8.4 percent, extending last week’s 18 percent slump, as the Nikkei newspaper reported that the firm may be punished for violating building laws. Mitsui Fudosan Co. lost 1.4 percent as real-estate developers retreated. Nippon Soda Co. surged 14 percent after Nomura Holdings Inc. advised buying shares of the chemicals manufacturer.
The Topix index lost 0.6 percent to 1,497.27 at the break in Tokyo, with almost two stocks falling for each that rose. Volume was about 15 percent lower than the 30-day average for this time of day. The Nikkei 225 Stock Average lost 0.6 percent to 18,190.36 with about one fifth fewer shares changing hands.