Most Japanese stocks fell on concerns about the banking system

Most of the Japanese stocks declined today, as the financial sector stocks were affected by the tension surrounding the US banking system, while the shares of exporting companies got a boost from the decline of the yen.
The share of the brokerage company, “Nomura Holdings,” fell 1.98%, and the share of “Rezona Holdings” for banking services fell 1.03%.
And “Renesas Electronics” shares advanced 3.62%, leading a rally in shares of chip-related companies.
The Nikkei index touched its highest level in 16 months at 29,278.80 points earlier in the session, but at the close it was up only 0.09% at 29,154.22 points, with the number of losers exceeding the gainers.
The broader Topix index fell 0.14% to 2,070.42 points.