Japan stocks slide as revived U.S.-China trade war hits sentiment
Friday, 2 August 2019 10:07 WIB |
MARKET UPDATE |Nikkei 225Saham Jepang
Japanese stocks slid on Friday as U.S. President Donald Trump unveiled plans to impose new tariffs on China, reviving trade war concerns and hitting exporter and manufacturing firms.
Global markets were shaken after Trump said on Thursday that he would slap a 10% tariff on $300 billion of Chinese imports from Sept. 1. He added that the tariffs could be raised further if China™s President Xi Jinping failed to move more quickly to strike a trade deal.
Japan™s Nikkei share average was down 2.11% at 21,086.38 as of 0146 GMT after going as low as 21,061.33, its weakest since July 18.
Shares of companies with exposure to China slipped. Industrial equipment makers Komatsu Ltd and Hitachi Construction Machinery Co fell 2.9% and 4.3%, respectively. Robot manufacturer Fanuc lost 3.7%.
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