Nikkei slides as weak U.S. retail sales sour risk appetite
Friday, 15 February 2019 10:38 WIB |
MARKET UPDATE |Nikkei 225Saham JepangIndeksTopix
Japan™s Nikkei fell on Friday as bleak U.S. retail sales data dampened investor risk appetite and dragged down the broader market, with exporters and financial firms underperforming.
The Nikkei share average dropped 1.2 percent to 20,886.27 at the midday break, retreating from a two-month high of 21,235.62 hit on Thursday. For the week, the index has risen 2.7 percent so far.
Overall sentiment was hurt by a report from the U.S. Commerce Department showing retail sales in December suffered their biggest drop in more than nine years, stoking fears of an economic slowdown.
Exporters were broadly lower, after the yen rose 0.1 percent against the dollar to 110.33.
The broader Topix dropped 0.9 percent to 1,575.16. Declining issues outnumbered advancing ones 1,499 to 546.