Japanese Stocks Drop on Concerns Over U.S.-China Trade Woes
Tuesday, 14 May 2019 07:27 WIB |
MARKET UPDATE |Nikkei 225IndeksTopix
Japanese stocks declined after China retaliated against higher U.S. tariffs by increasing duties, escalating trade tensions between the world™s two largest economies.
Topix -2% at 1,510.67 as of 9:06 a.m. in Tokyo, Nikkei 225 -2% at 20,769.71. The Topix index fell for a seventh session, the longest losing streak since September. Electronics makers and banks contributed the most to the gauge™s decline after U.S. stocks plunged on Monday and the yen strengthened against the dollar. China overnight announced that it will increase tariffs imposed on about $60 billion of U.S. goods in retaliation for President Donald Trump™s latest salvo last week.
Source : Bloomberg
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