Tokyo shares retreat as firmer yen weighs on exporters
Tuesday, 19 November 2019 09:57 WIB | MARKET UPDATE |IndeksNikkei 225IndeksTopixSaham Jepang

Japan's stock benchmark Nikkei edged down on Tuesday as investors await clarity on the progress of U.S-China trade negotiations, with exporters pressured by a firmer yen against the dollar.

The Nikkei share average dropped 0.2% to 23,361.35 in late-morning trade, and the broader Topix fell 0.1% at 1,698.44.

Wall Street's main indexes were mostly flat, looking for direction on trade, though they ended the day inching up to record high closing levels.

Overnight, CNBC reported the mood in Beijing was pessimistic about the prospects of sealing a phase-one deal with Washington.

On the other hand, a new extension allowing U.S. companies to continue doing business with Chinese telecoms giant Huawei Technologies Co Ltd suggested something of an olive branch.

Source : Reuters

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