Nikkei Tumbles to 3-Week Low as U.S.-China Trade War Worsens
Monday, 26 August 2019 10:17 WIB | MARKET UPDATE |Nikkei 225Saham JepangIndeksTopix

Japanese shares shed more than 2% on Monday, with China-related firms leading the losses after a fresh escalation in the Sino-U.S. trade war knocked global equities markets.

The Nikkei share average fell as much as 2.6% to 20,173.76, its lowest level since Aug. 6, before ending the morning session at 20,258.92, 2.2% lower on the day.

China on Friday imposed tariffs on about $75 billion in imports from the United States including some agricultural products, crude oil and small aircraft.

Hours later, U.S. President Donald Trump heaped an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat escalation between the world™s largest economies.

The broader Topix shed 1.8% to 1,475.21 by the midday break, with all of Tokyo™s 33 subindexes falling.

Source : Reuters

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