Japanese shares closed lower on Wednesday, following a slump on Wall Street in the previous trading session.
Shipbuilding, banking, and power sectors led the losses.
The Nikkei 225 declined 0.8%, or 307.10 points, to close at 38,104.86.
Digital printing equipment Konica Minolta (TYO:4902) was the largest gainer with a gain of 11.22% while HR agency Recruit Holdings (TYO:6098) was the largest loser with a loss of 4.93% at market close.
In corporate news, the Canadian Solar Infrastructure Fund (TYO:9284) completed repairs at its CS Ena-shi power plant on Oct. 3 after electric cables were stolen, as reported by the company on the Tokyo Stock Exchange on Tuesday.
To prevent further theft, the company raised security measures by installing CCTV and securing emergency services through a security firm. The 40 million yen restoration cost is mostly covered by insurance and rental agreements, ensuring no impact on financial forecasts for the fiscal period ending December 2024.
Shares of the Canadian Solar Infrastructure Fund fell nearly 2% at market close.
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