01.10.201408:59:16UTC+00Japanese shares retreat on poor US confidence data

Japanese shares declined with the Topix index retreating from it record monthly advance last seen in June following the expected escalation of Hong Kong protests as China holidays began and the unexpected decrease in US consumer confidence.

The Topix Index shed 0.6% to 1,318.21 in the closing trade in Tokyo. In the previous month, the gauge was able to gain 3.8% to make a total of 5.1% for the quarter. The Nikkei 225 Stock Average shed 0.6% as well to 16,082.25 in the trade as the nation’s currency weakened, losing 0.2% to match the dollar at 109.83 per one dollar with an intraday low of 110.09 for the currency’s lowest since August of 2008.

Sumco Corp. and Minea Co. plunged, losing 6.9% and 4.7% respectively. Toyota Motor Corp. and Sumitomo Mitsui Financial added at least 1% each

Hong Kong demonstrators entered the sixth day of protests as the call for Chief Executive of Hong Kong, Leung Chun-ying’s step down faces a deadline. Tens and thousands of protesters is expected to grow as China enters the Golden Week. Meanwhile, US consumer confidence data went lower than had been anticipated.