Tuesday, 14 May 2019 10:35 WIB |
MARKET UPDATE |Nikkei 225Saham Jepang indeks Topix
Japan™s Nikkei tumbled to a more than a three-month low on Tuesday morning, as China defied Washington by announcing retaliatory tariffs, dragging most sectors into negative territory.
China said it would impose higher tariffs on $60 billion in U.S. goods despite President Donald Trump™s warnings not to retaliate against additional tariffs on Chinese imports announced by the White House on Friday.
The Nikkei share average dropped 0.7 percent to 21,036.92 at the midday break, after falling to as low as 20,751.45, the lowest since mid-February. It is near downside support at 20,756, 5% below its 25-day moving average, a level considered to be oversold.
The broader Topix shed 0.8% to 1,529.44, after falling to a more than four-month low of 1,508.85.
Source : Reuters