Japan’s Nikkei retreated from three-month highs after weak U.S. shares soured investor sentiment, but defense-related companies jumped on reports that North Korea has restored part of a missile launch site.
The Nikkei share average shed 0.6 percent to 21,604.61 in midmorning trade, with support seen at its 25-day moving average of 21,176.28. The broader Topix declined 0.3 percent to 1,615.14.
The Nikkei has traded at a three-month high earlier this week, but analysts say investors are now taking profit in the absence of any fresh catalysts to buy.
Concerns over U.S.-China trade issues have persisted after U.S. Secretary of State Mike Pompeo said President Donald Trump would reject a trade deal that was not perfect, but the United States would still keep working on an agreement.
Source : Reuters