Nikkei extends decline as U.S. tariffs hit steel, exporter stocks

Monday, 5 March 2018 10:11 WIB

Saham JepangIndeks Nikkei


Japan's Nikkei share average extended losses into a fourth day as concerns over a global trade war dented sentiment, with steelmakers, automakers and shipping companies underperforming the market.

The Nikkei fell 0.5 percent to 21,075.44 in midmorning trade, after the yen got a lift from safe-haven flows as risk sentiment soured after U.S. President Donald Trump proposed tariffs on imported steel and aluminium.

The dollar stood at 105.43 yen, slightly above Friday’s low of 105.23, a level not seen since November 2016.The broader Topix dropped 0.7 percent to 1,696.91.

Source : Reuters


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