Japan’s Nikkei dipped on Tuesday, tracking losses on Wall Street as optimism there will be a deal to end the U.S.-China trade dispute faded and Beijing trimmed its economic growth target.
The Nikkei share average lost 0.6 percent to 21,690.06 by the lunch break.
Japan’s benchmark index, which has risen 8.4 percent this year, had hit its highest intraday trading level since Dec. 13 on Monday.
The broader Topix was down 0.8 percent at 1,614.58, with all but one of its 33 subsectors trading in negative territory.
A lacklustre session in Asian shares, which dipped as China set a lower economic growth target and pledged measures to support its economy, reduced investors’ risk appetites.
Source : Reuters