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Nikkei drops as trade tensions escalate, Osaka quake hits utility stocks

Monday, 18 June 2018 10:49 WIB Nikkei 225 IndeksTopix

Japanese stocks fell on Monday morning as an escalating trade dispute between the United States and China stoked concerns about the impact on global demand, triggering a sell-off in stocks such as makers of construction equipment. Also denting sentiment was a magnitude-6.1 earthquake in Osaka in western Japan on Monday, hitting the shares of utility companies headquartered in the Kansai region. The Nikkei share average dropped 1.0 percent to 22,635.60 in midmorning trade, after falling to as low as 22,626.07, the lowest point since June 6. The broader Topix declined 1.1 percent to 1,769.44. U.S. President Donald Trump unveiled an initial list of strategically important goods that would...

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