Nikkei Erases Gains, Hits Near 3-Month Lows on Trade War Anxiety

Tuesday, 3 July 2018 10:24 WIB

Saham JepangIndeks Nikkei indeks Topix


Japanese shares snapped back into the red from a modest bounce early on Tuesday, briefly touching near three-month lows on growing worries a trade row between the United States and China could harm the economy and corporate earnings.

Nikkei average ended the morning trade almost flat at 21,805.73, having dropped 0.4 percent at one point to 21,722.23, its lowest level since mid-April. The broader Topix ended the morning 0.09 percent higher at 1,696.88.

The market erased earlier gains after Hong Kong shares tumbled more than 3 percent ahead of a July 6 deadline, when the Washington is set to impose tariffs on $34 billion worth of Chinese exports to the United States.

Source : Reuters


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