Japanese shares closed lower today on high oil prices and selling on the Wall Street.
The Nikkei 225 fell 97.53 points, 0.84% to 11,500.18, the lowest level in two weeks. The TOPIX declined 0.82% and closed at 1,152.95.
"The leap in oil prices, together with a rise in gold and other commodities prices, hit the manufacturing sector. On top of that, we've got the news of an iron ore price hike," said Masayoshi Okamoto from Jujiya Securities.
Advantest was up 0.45% to 8930 yen, Canon slipped 1.46% and closed at 5410 yen. NEC fell 1.05% to 662 yen. Daiei declined 1.31% to 226 yen.
Honda tumbled 1,43% to 5500, Nissan Motor fell 1.33% to 1114 yen, Toyota slid 0.98% to 4050 yen.
Yto-Yokado tumbled 4.38% to 4150 yen.
FOREX
In the currency market, the euro fell to $1.3216 from $1.3256 in New York late Tuesday. The dollar rose to 104.75 yen, from $104.06 yen.