Japanese shares swung between gains and losses as investors kept looking for a positive outcome from the ongoing U.S.-China trade negotiations.
Gauges of pharmaceutical and chemical stocks supported the benchmark Topix index, while a number of retail stocks trading without the right to the next dividend payment declined. The Japanese currency was little changed after weakening to its lowest level this year against the greenback. The S&P 500 Index gained Monday, after President Donald Trump’s weekend decision to extend a deadline on additional tariffs.
Topix index little changed at 1,621.34 as of 9:47 a.m. in Tokyo. Nikkei 225 index +0.3% to 21,592.49.
Yen little changed at 111.05 against U.S. dollar after falling 0.3% on Monday.
Source : Bloomberg