Tokyo shares tumbled on Monday as investors opted to lock in gains following both Chinese manufacturing data and U.S. consumer spending figures coming in below median expectations.
The 225-issue Nikkei Stock Average shed 357.36 points, or 1.87 percent, from Friday to end the morning at 18,725.74, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange dropped 29.80 points, or 1.91 percent, to 1,528.40. The majority of categories on the main section retreated by the break, led by iron and steel, shipping and land transport shares.
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