Tokyo’s equities markets declined Monday as Monday’s earthquake affected insurance and utilities shares.
The Nikkei 225 dropped 0.1 percent to 18,217.27, while the Topix index was 0.3 percent lower to 1,778.11.
Non-life insurers took a hit in expectation of large claims for property damage in the earthquake areas.
Millea Holdings (TYO: 8766; NAS: MLEA) fell 1.7 percent to ¥5,110, while Sompo Japan Insurance (TYO: 8755) was 2.3 percent lower to ¥1,474.
Also seeing declines after the earthquake was Tokyo Electric Power (TYO: 9501), which dropped 1.1 percent to ¥3,570 on reports that the quake had damaged one of its nuclear plants.
Carmakers were lower as well on a stronger yen.
Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) was 1.6 percent lower to ¥7,560.
Shipping companies were higher on the session on positive broker comment, with Mitsui OSK Lines (TYO: 9104) was 2.6 percent higher to ¥1,828.
Two trading companies saw record highs in their share prices during the session.
Mitsui & Co (TYO: 8031; NAS: MITSY) gained 3 percent to close at ¥2,880, while Marubeni was 3.3 percent higher to ¥1,208.