Tokyo stocks opened lower on Wednesday, snapping a three-session winning streak as investors waited for the signing of a US-China trade deal.
The benchmark Nikkei 225 index lost 0.42 percent or 102.05 points to 23,923.12 in early trade while the broader Topix index was down 0.39 percent or 6.72 points at 1,733.81.
"A big day today which sees the US and China signing the phase one trade deal," noted Tapas Strickland, director of economics and markets at National Australia Bank.
"Importantly though, we should not expect further tariff relief until after the November presidential elections, suggesting that today's agreement is probably as good as it gets for 2020," he said.
US officials said Tuesday that the trade truce with China set to be signed on Wednesday did not include a deal to roll back tariffs imposed on most Chinese goods.
Source : AFP