TOKYO Japanese shares ended lower on Monday (May 8), as investors sold stocks as the yen strengthened against the dollar, and concerns surrounding the US banking sector persisted. The Nikkei index fell 0.71% to 28,949.88, closing below the 29,000-point mark for the first time since April 28. The index hit its highest level since January 2022 last Tuesday before the market closed for a three-day holiday for the Golden Week break. The broader Topix slid 0.21% to 2,071.21. "The market fell today (Monday) partly due to the stronger yen, but also investor sentiment was weak as the Dow ended at a lower level last Friday, compared to the beginning of the long weekend in Japan," said Jun Morita, the general manager of the research department of Chibagin Asset Management.

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