Japanese stocks declined as investors mulled the chances for the U.S. and China to reach a trade deal.
Electronics and chemicals makers weighed the most on the Topix index. U.S. equities fell on Friday after White House economic adviser Larry Kudlow downplayed the potential for a quick deal. Chinese President Xi Jinping saidduring a speech in Shanghai that China intends to cut import taxes further.
Japanese stocks rose Friday after Bloomberg News reported that President Donald Trump is said to want a trade deal reached with China at the G-20 summit later this month. Investors are also focusing on U.S. congressional elections, seen as a referendum on Trump’s policies.
Topix -1.1% to close at 1,640.39 in Tokyo. Nikkei 225 -1.6% at 21,898.99.
Source : Bloomberg