Japanese stocks tumbled on Thursday on concerns a preliminary trade deal between Washington and Beijing may not be completed this year, with a fresh row over U.S. legislation on Hong Kong potentially complicating their negotiations.
The Nikkei share average fell 1.2% to 22,872.03 by midday break, its lowest level since Nov. 1, and was on track for its biggest daily drop in seven weeks.
Overnight, Wall Street’s three main indexes fell, largely hurt by a Reuters report citing experts and people close to the White House as saying completion of a U.S.-China trade deal could slide beyond 2019.
The broader Topix declined 1.0% at 1,674.62, with all of its 33 sub-sectors in negative territory.
Source : Reuters