Japanese stocks fall for the third straight session due to falling oil prices
Japanese shares ended trading on Monday in the first week's sessions is low, extending losses for the third straight session, led declines energy companies affected by the continuing decline in world oil prices.
Nikkei index low of about 191.54 points or 1.12 percent to 16,955.57 points, its lowest closing level in nearly a year, and the decline in the broader Topix index 14.52 points or 1.04 percent to 1,387.93 points.
Japanese stocks lost more than 10 percent since the beginning of this year in the worst start in several years, due to concerns that dominate the market against the weakness of the Chinese economy indicators and the continued collapse of oil prices.
And it sought Japanese energy companies from losses, and Krupp Inpex fell 1.5 percent, and was down arrow Japan Petroleum Exploration Co. by 2.1 percent.
Oil prices continued wide landing for the second day in a row, marking a new lowest level not reached since 2003, due to the worsening global supply glut after the lifting of international sanctions on Iran, officially entering the oil export market fears.
Futures fell for the S & P 500 by about 0.3 percent, after the index ended Friday's session on Wall Street was down 2.2 percent due to loss of energy and commodity companies, and US markets closed today for a public holiday in the United States.
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