TOKYO, Sept 25 (Reuters) - Japan's Nikkei share average fell
to a one-week low on Wednesday after the U.S. lawmakers called
for an impeachment inquiry into President Donald Trump, while
weak U.S. consumer confidence data heightened worries over the
Sino-U.S. trade row.
The benchmark Nikkei average .N225 dropped 0.5% to
21,988.28 by the midday break, its lowest level since Sept. 18.
The broader Topix .TOPX dipped 0.4% to 1,616.03, one day
after hitting a five-month high, tracking a dismal Wall Street
session.
On Tuesday, both indexes closed at five-month highs.
U.S. shares slipped in volatile trade overnight, giving the
S&P 500 .SPX its biggest one-day drop in a month, as a push
for impeaching Trump gained momentum among Democrats in the
Congress. Major Wall Street indexes earlier lost their footing when
Trump took a harsh tone about China's trade practices at the
United Nations General Assembly, saying he would not accept a
"bad deal" in U.S.-China negotiations. Further pressuring Wall Street was the disappointing
consumer confidence data. On Tokyo's bourse, oil and coal product .IPETE.T ,
machinery .IMCHN.T and transport equipment .ITEQP.T were
among the worst performing of the 33 subsector indexes, down
1.4%, 1.4% and 1.0%, respectively. Toyota Motor 7203.T fell
1.6%.
One of the few bright spots was the air transport .IAIRL.T
sector, up 0.8%, with Japan Airlines 9201.T ANA Holdings
9202.T rising 1.0% and 0.6%, respectively.
Oil prices fell for a second day on Wednesday on worries
about falling fuel demand after Trump's comments doused optimism
over China-U.S. trade talks and reignited concerns on global
economic growth. O/R
Other notable movers include Nintendo Co 7974.T , shedding
4.0% after Bloomberg reported initial domestic shipments of the
gaming firm's "Switch Lite" were softer than expected.