Japan Stocks Drop on Concern Over Report on U.S.-China Fund Flow
Monday, 30 September 2019 08:45 WIB |
MARKET UPDATE |Nikkei 225IndeksTopix
Japanese stocks fell as reports that the U.S. is considering restrictions on fund flows to China hurt market sentiment.
Topix -0.6% at 1,595.09 as of 9:30 a.m. in Tokyo. Nikkei 225 -0.4% at 21,792.61. Yen little changed at 107.95 per dollar.
Pharmaceuticals and telecommunications were the biggest contributors to the Topix index™s decline. U.S. equities dropped on Friday after Bloomberg reported the Trump administration is considering sweeping limits on capital-market investments into China. In response, a Treasury official on Saturday said the U.S. has no plans œat this time to stop Chinese companies from listing on American exchanges. China said it would continue to open up its financial markets.
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