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Topix Dips as Investors Weigh Trade Developments, Take Profits


Tuesday, 4 December 2018 08:03 WIB

Nikkei 225Saham JepangIndeks acuan Nikkei 225Topix JepangJapan Topix


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Japanese shares slid for the first time in eight sessions as investors weighed the latest developments on U.S.-China trade negotiations.

Topix lost 0.3% percent to 1,683.34 as of 9:42 a.m. in Tokyo after advancing 1.3% on Monday while Nikkei 225 weakened 0.1 percent to 22,542.77. On the currency, yen strengthened 0.1% to 113.58 per dollar.

Banks and railway companies contributed most to the benchmark's early declines in Tokyo. Top White House advisers scrambled on Monday to explain a trade deal President Donald Trump claimed he’d struck with China to reduce tariffs on U.S. cars -- an agreement that hasn’t been confirmed in Beijing.

Global equity markets rallied on Monday, with the Topix posting its biggest gain in almost a month, following news that Trump and Chinese President Xi Jinping called a truce to their ongoing trade war.

Source: Bloomberg


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