Japanese stocks slipped to a one-month low on Tuesday, led by weakness in Apple suppliers, while mining shares underperformed on lower oil prices.
The Nikkei ended 1.4 per cent lower at 23,291.97, the lowest closing level since Dec. 29.
Apple Inc suppliers lost ground after the iPhone maker’s shares fell 2.1 per cent on news that it will halve production of its $999 iPhone X, reports Reuters.
Murata Manufacturing and Taiyo Yuden both shed 1.9 per cent.
Inpex Corp dropped 2.6 per cent and Japan Petroleum Exploration Co tumbled 6.1 per cent after US oil prices slipped on Tuesday.
The broader Topix fell 1.2 per cent to 1,858.13, with all of its 33 subsectors in negative territory.
