Japanese stocks fell a third day, erasing earlier gains, as real estate and construction companies led declines, Bloomberg reported. 
The Topix index retreated 0.7 percent to 1,226.09 at the close in Tokyo after rising as much as 0.4 percent. The measure lost 1.8 percent on Wednesday, its biggest drop since the 7.3 percent plunge after the U.K.’s decision to leave the European Union. The Nikkei 225 Stock Average slumped 0.7 percent on Thursday.