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Japanese stocks end 3-day losing run; trade woes cap gains


Friday, 7 December 2018 13:41 WIB

Nikkei 225Saham JepangIndeks acuan Nikkei 225Topix JepangJapan Topix


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Japan's Nikkei share average snapped a three-day losing streak to close higher on Friday, after Wall Street shares clawed back some of their sharp losses.

Wider gains were capped, however, by resurgent concerns about the U.S.-China trade conflict and caution ahead of the U.S. non-farm jobs report due later on Friday.

The Nikkei ended the session up 0.8 percent at 21,678.68. The index has dropped 3 percent so far this week, weighed by worries about slowing momentum in the U.S. economy and as trade fears whacked global equity markets.

Reflecting the cautious mood, defensive shares such as consumer staples, healthcare and utilities made gains.

The Tokyo Stock Exchange's (TSE) oil and coal subindex fell 2.9 percent, leading the decliners. Of TSE’s 33 subindexes, 21 ended the day on gains.

The broader Topix ended 0.61 percent firmer at 1,620.45.

Source: Reuters


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