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Nikkei falls on trade war worries; automakers underperform


Friday, 22 June 2018 10:11 WIB

TopixSaham JepangIndeks Nikkei


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Japan's Nikkei share average dropped on Friday morning after Germany's Daimler cut its profit forecasts citing tariff concerns and some US data came in below expectations, hurting cyclical stocks.

The auto sector was under the most pressure, tumbling 2.2 percent to be the worst performer on the board. Toyota Motor Corp dropped 2.8 percent, Honda Motor Co and Mazda Motor Corp fell 2.3 percent.

The Nikkei fell 0.9 percent to 22,480.90 in midmorning trade. The benchmark index has declined 1.6 percent in the week. The broader Topix shed 0.6 percent to 1,740.94.

Source : Reuters


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