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Japan Stocks Drop on Concern Over Report on U.S.-China Fund Flow


Monday, 30 September 2019 08:45 WIB

Nikkei 225IndeksTopix


c_740_198_16777215_00_images_assets_NIKKEI2_00Japan-Stock.jpg

Japanese stocks fell as reports that the U.S. is considering restrictions on fund flows to China hurt market sentiment.

Topix -0.6% at 1,595.09 as of 9:30 a.m. in Tokyo. Nikkei 225 -0.4% at 21,792.61. Yen little changed at 107.95 per dollar.

Pharmaceuticals and telecommunications were the biggest contributors to the Topix index’s decline. U.S. equities dropped on Friday after Bloomberg reported the Trump administration is considering sweeping limits on capital-market investments into China. In response, a Treasury official on Saturday said the U.S. has no plans “at this time” to stop Chinese companies from listing on American exchanges. China said it would continue to open up its financial markets.

Source: Bloomberg


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