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Nikkei extends morning losses as China skids, telecoms remain sold

2015-09-14 08:09:14| IT Services - Topix.net

Japan's Nikkei share average extended its losses on Monday afternoon, falling as much as 1.7 percent as Chinese markets slid and telecommunication shares continued to be sold off after Prime Minister Abe called on cellphone companies to reduce rates. Softbank Group Corp. shares fell 6.2 percent in afternoon trading while competitor KDDI Corp. fell 8 percent and NTT Docomo tumbled 9.2 percent.

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