TOKYO, Jan 31 (Reuters) - Japan's Nikkei fell to its lowest closing level in a month on Monday as anti-government rioting in Egypt prompted investors to shun riskier assets, with analysts adding that the blow to sentiment comes at a time when the benchmark appeared due for a correction.
Disappointing earnings outlooks from Fujitsu and Konica Minolta also dragged the Nikkei lower, while the yen hovering at four weeks high versus the greenback provided additional pressure.
The benchmark Nikkei lost 1.2 percent, or 122.42 points, to 10,237.92. The benchmark index hit its lowest level since Dec. 3 at one point, but recouped some of its losses, as bargain hunters bought on dips and generally upbeat earnings by small-cap firms helped limit losses.
The broader Topix shed 1 percent to 910.08. (Editing by Joseph Radford)