By Anna Kitanaka
on Dec 28 2014 12:00 AM
  • PIT

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Japanese shares fell, reversing gains from the morning session, following a report a man is being tested for Ebola in Tokyo. Oil and coal producers and developers led declines among the 33 Topix industry groups. Toyota Motor Corp. slid 0.4 percent as the yen erased a drop against the dollar. Fujifilm Holdings Corp., which makes the Avigan drug used in experimental Ebola treatments, climbed 0.4 percent. Nippon Suisan Kaisha Ltd., a seafood producer, added 3.2 percent as fishing stocks posted the biggest advance. The Topix slid 0.2 percent to 1,424.67 at the close in Tokyo, paring a loss of as much as 1.3 percent in the afternoon after rising as much as 0.4 percent in the morning. Volume was 18 percent below the 30-day average today. The Nikkei 225 Stock Average dropped 0.5 percent to 17,729.84. The yen was little changed at 120.31 per dollar after falling as much as 0.2 percent. “The news that a Japanese man may have Ebola looks to have triggered this drop in shares,” said Gavin Parry, managing director of Parry International Trading Ltd. in Hong Kong. “We think this index selloff is overdone and a knee-jerk reaction. The yen has also amplified the move.” A man in Tokyo in his 30s is being tested for the virus after reporting a fever of more than 38 degrees, the health ministry said. The man had returned from Sierra Leone this month, where he attended a burial and had contact with a body bag, the ministry said. Lacking News “The market is just short on news,” which is why it is reacting to the Ebola report, said Mikey Hsia, a trader at Sunrise Brokers LLP. “So you can give it any reason, and the market will just come off a bit before the investors who buy on dips reappear again.” Fujifilm gained 0.4 percent to 3,783 yen. Airtech Japan Ltd., which makes antibacterial and cleaning equipment, soared 15 percent to 792 yen. Azearth Corp., which sells protective gear to guard against hazards such as bird flu, surged 16 percent to 724 yen. Authorities culled at least 42,000

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