Nikkei on Track For Third Week of Losses as Global Sentiment Slides
Friday, 19 October 2018 09:50 WIB | MARKET UPDATE |Nikkei 225Saham JepangIndeksTopix

Japan™s Nikkei fell on Friday, tracking broader losses in global equities markets and heading for its third straight week of decline.

The Nikkei share average at one stage dropped almost 2 percent to hit a six-week low of 22,212.57. Halfway through the morning session, it was down 1.48 percent at 22,323.74. The broader Topix declined 1.3 percent to 1,682.52.

Japan™s benchmark index has given up around 8.7 percent since its 27-year peak hit on Oct. 2, as worries over Italy™s 2019 budget and growth concerns in China weigh on market sentiment globally. Investors also await November congressional elections in the United States.

On Friday, stocks in Asia weakened as global sentiment soured on issues ranging from trade worries, Italy™s 2019 budget, higher U.S. interest rates and growth concerns in China.

Source : Reuters

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