Honda Motor Co., Japan's second-largest carmaker by market value, fell 2.9 percent. Sony Corp., Japan's No. 1 exporter of consumer electronics, slid 2.4 percent after a report showed Japan's exports declined more than expected in October. Osaka Securities Exchange Co. rose 1.9 percent after a newspaper reported the bourse will announce a merger agreement with Tokyo Stock Exchange Group Inc. tomorrow.
The Nikkei 225 Stock Average fell 0.3 percent to 8,353 as of 10:05 a.m. in Tokyo, set for the lowest close since April 1, 2009. The Topix Index dropped 0.4 percent to 716.95, heading for the lowest close since March 12, 2009, with 19 of 33 industry groups on the gauge falling.
“There's likely to be a continuing impasse and people will focus on the stability of the U.S. politically,” said Tim Schroeders, who helps manage $1 billion in equities at Pengana Capital Ltd. in Melbourne. “People will probably sit on the sideline and wait for clarity.”
Futures on the Standard & Poor's 500 Index fell 0.8 percent today. The index was little changed in New York on Nov. 18.
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