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Nikkei drops as hopes for aggressive U.S. rate cuts recede


Monday, 8 July 2019 10:27 WIB

Saham JepangIndeksTopixIndeks NikkeiBursa Tokyo


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Japan's Nikkei fell on Monday after an unexpectedly strong U.S. job data dampened market expectations for aggressive rate cuts this month.

Also denting the mood was weak domestic economic data. Japan's core machinery orders fell by the most in eight months in a worrying sign that global trade tensions are taking a greater toll on corporate investment.

The Nikkei share average dropped 0.9% to 21,555.60 points by midmorning. The broader Topix dropped 0.7% to 1,582.15.

Source : Reuters


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