Bank losses leave Tokyo's Nikkei 225 lower Tokyo led Asian indices lower on Friday as Japanese bank stocks tumbled amid investigations into the part played by domestic banks in global Libor manipulation. The Nikkei 225 index fell 1.4 per cent to 8,669.87. Banks were among the biggest weights behind the losses, with Shinsei Bank dropping 6.3 per cent to Y89, on concerns over the involvement of Japanese institutions in the Libor scandal. Elsewhere in the sector, Sumitomo Mitsui Trust Holdings fell 5 per cent to Y228, Mizuho Financial Group shed 3.9 per cent to Y124 and Nomura lost 3.7 per cent to Y259. Shares in Asia Pacific Breweries were suspended in Singapore after Heineken, the world's third biggest brewery which already owns 42 per cent of APB, said it would offer up to $6bn to buy out the rest of the shares in the maker of Tiger beer. The S$50-a-share offer represents a 19 per cent premium to the S$42 at which the shares last traded. Singapore's Straits Times index fell 0.6 per cent to 3,012.39. Having rallied strongly on Thursday after results from Intel, Taiwan's chipmaking leader TSMC fell 1 per cent to T$76.70 after its own quarterly earnings disappointed. Taipei's Taiex index, however, climbed 0.2 per cent to 7,164.68 as banking stocks and plastics manufacturers advanced. Overall, the FTSE Asia Pacific was 0.7 per cent lower at 225.78. Property stocks fell in Hong Kong and China after Beijing pledged to keep curbs on the real estate market to stop house prices from inflating. Hong Kong's Hang Seng index climbed 0.4 per cent to 19,640.8, however, with help from China Unicom, which rose 7.2 per cent to HK$10.74. China's second largest mobile telecoms provider reported robust growth in 3G subscribers for June. The Shanghai Composite fell 0.7 per cent to 2,168.6.