Japanese Stocks Decline as Global Growth Uncertainty Returns
Friday, 15 February 2019 07:40 WIB | MARKET UPDATE |Nikkei 225Saham JepangIndeks acuan Nikkei 225Topix JepangJapan Topix

Japan's Topix index fell for the first time in four days as uncertainty over global growth returned after disappointment from U.S. retail sales figures and negative signals from the world's biggest economy's ongoing trade talks with China.

Topix fell 1.2% to 1,570.52 as of 9:11 a.m. in Tokyo with Nikkei 225 also fell 1.2% to 20,892.51. Meanwhile, yen little changed at 110.45 per dollar.

Electronics makers and banks were the biggest drags on the gauge, paring the 3.3 percent advance the Topix made over Tuesday through Thursday.

U.S. December retail sales fell 1.2 percent, missing an estimate for a 0.1 percent gain, data from the Census Bureau showed. The U.S. has also made little progress so far in trade talks with China as the two sides have failed to narrow the gap around structural reforms to China™s economy that the U.S. has requested, according to people familiar with discussions.

Source: Bloomberg

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