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Nikkei drops as U.S.-China trade tensions flare; Sprint sale doubt hits Softbank


Thursday, 23 May 2019 09:53 WIB

Nikkei 225Saham Jepang


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Japan’s Nikkei dropped on Thursday morning after renewed U.S.-China trade tensions dragged down technology shares, while index-heavyweight SoftBank Group fell more than 5 percent.

The Nikkei share average declined 0.9% to 21,101.14 in midmorning trade.

Tech shares were sold heavily after media reports on Wednesday said the United States was considering sanctions on video surveillance firm Hikvision.

TDK Corp dived 6.4%, Advantest Corp tumbled 4.1%, Tokyo Electron shed 2.5%, and Sony Corp slid 3.6%.

Source: Reuters


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