Japanese shares eased on Wednesday after hitting a four-week high in the previous session, as comments by a top U.S. official that current tariffs on Chinese goods would stay for now made investors cautious ahead of the signing of a preliminary trade deal.
The Nikkei share average fell 0.29% to 23,955.92, retreating from a four-week high of 24,060 touched the previous day, while the broader Topix lost 0.42% to 1,733.23.
U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer said there was no agreement in place with China on further tariff reductions, taking the shine out of market enthusiasm about the upcoming trade deal.
Many investors now look for the details of the deal, which is slated to be signed at the White House at 11:30 a.m. (1630GMT) on Wednesday.
Source : Reuters