Japanese stocks fell for a fourth day, with benchmark gauges on the cusp of sliding into a bear market.
The Topix index slipped 0.4 percent to 1,381.89 as of 9:03 a.m. in Tokyo, taking its loss since a high on Aug. 10 to 18 percent. The Nikkei 225 Stock Average dropped 0.4 percent to 16,888.37. The gauge is down 19 percent from a high on June 24. Oil continued to tumble as investors await a swathe of data on China’s economy.
All but six of the Topix’s 33 industry groups fell, led by real-estate developers and agricultural companies.
Economists expect China will report steady growth in gross domestic product for the fourth quarter, with data on industrial production and retail sales also due Tuesday. Japan will releases updated figures for December machine tool orders after markets close today in Tokyo.