Nikkei 225 closes down by 0.83% at 28,812.63

Asian equities dragged lower on the day

The Topix also closes lower by 0.6% to 1,898.24 with the 100-day moving average level coming back into focus for both the Nikkei and Topix going into May.

Elsewhere in the region, the Hang Seng is down 1.6% while the Shanghai Composite is down 1.0% as equities slump – not helped by the more subdued tone in US futures.

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US stocks may have overcome a stumble midway through yesterday’s session but there are still concerns about a short-term peak with the month-end in focus today. 


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