Nikkei Falls on Weak U.S., China Data, Trade Frictions

Thursday, 16 May 2019 10:10 WIB

Nikkei 225Saham JepangTopix Jepang


Japan’s Nikkei fell on Thursday as weak U.S. and Chinese economic data and Sino-U.S. trade frictions soured sentiment, while banks tumbled on weak earnings reports.

The Nikkei share average shed 1.1% to 20,969.69 points by midmorning. The broader Topix fell 0.8% to 1,531.92, with most cyclical sectors in the red. Domestic-demand sectors such as utility, construction and railway attracted buyers.

Adding to worries about the trade war which has already dragged down the Japanese market by 5.4% this month, the U.S. Commerce Department said on Wednesday it is adding China’s Huawei Technologies Co Ltd and 70 affiliates to its so-called “Entity List.”

Source : Reuters


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