The broad Japanese Topix index fell for the second consecutive session, Tuesday, June 20, amid widespread selling, while shares of commercial companies jumped after billionaire Warren Buffett raised his stakes in the sector.
The Topix index fell 0.29% to close at 2283.85 points, while the Nikkei index remained in the red zone for most of the day before rising in the afternoon to end the session up 0.06% at 33388.91 points.
Shares in Tokyo Marine Holdings fell 5.09%, and Mizuho Financial Group shares fell 1.59% amid widespread selling of bank shares.
Mitsubishi shares jumped 3.72%, boosting the commercial companies sector after Buffett-owned Berkshire Hathaway announced after the market closed on Monday that it had increased its stake in the five largest companies in the sector.
Mitsui & Co and Marubeni shares rose 3.31% and 1.87%, respectively, and the two companies are among those in which Buffett increased his stake.
The trading companies sector index rose 2.06%, becoming the best performer among the 33 sub-indices on the Tokyo Stock Exchange.
154 stocks declined on the Nikkei index, while 69 stocks rose.
Shares in Japan's McDonald's Holdings rose 0.87% after the restaurant chain said it would raise prices at its urban branches to cope with rising labor and rental costs.
