Japanese stocks fell for the first time in four days, paring the best three-week gain in the Topix index since November 2014, as investors await a meeting of Chinese leaders and a U.S. payrolls report.
The Topix index slipped 0.4 percent to 1,363.74 as of 9:02 a.m. in Tokyo, on course to rise 4 percent this week and 14 percent over the past three weeks after entering a bear market in January. The Nikkei 225 Stock Average lost 0.3 percent to 16,903.20. U.S. stocks extended a three-week rally before Friday’s jobs report.
Futures on the Standard & Poor’s 500 Index slipped 0.2 percent. The underlying equity measure added 0.4 percent on Thursday, extending an eight-week high, led by gains in energy shares as oil continued its rebound.