Japan’s Nikkei edged down on Monday as Chinese markets fell on soft economic data and telecommunication shares were sold off after Prime Minister Abe called on cellphone companies to cut rates. The share average of Nikkei fell by 1.6% to close at 17,965.70 after a day of cautious of trading. Trading volume was well below the 5 day average and the Nikkei volatility index remained high at 33.2.
The broader Topix shed 1.2% to close at 1,462.41. All but two of its 33 subindexes closed in the negative.
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