The Japanese share market ended lower on Monday, 28 September 2015, wiping out most of last Friday's gain, as investors booked profit on fading speculation for further monetary easing after Prime Minister Shinzo Abe statement that he wasn't considering an immediate stimulus package. The selloff was also triggered as more than 1,000 of 1,886 companies in the Topix went ex-dividend today. Total 26 out of the 33 Topix's industry groups ended down, with Pulp & Paper, Iron & Steel, Wholesale Trade, Securities & Commodities Futures, Nonferrous Metals, Insurance, and Pharmaceutical issues being major decliners. The Nikkei Stock Average dropped 235.40 points, or 1.32%, to end at 17645.11 points. The broader Topix index dropped 1.04%, or 15.14 points, to 1438.67 at the close in Tokyo.
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