Japanese stocks declined for a fourth day after the yen resumed its strength against the dollar as investors remained cautious about an escalation of the trade war between the U.S. and China.
U.S. stock futures fell in Asian hours after China's central bank set its daily currency fixing at a slightly weaker level than expected, fueling trade angst. People's Bank of China officials reassured foreign companies that the currency won’t continue to weaken significantly, after the yuan fell below 7 per dollar for the first time since 2008.
Topix -0.5% at 1,491.94 as of midday close in Tokyo. Index Nikkei225 -0.8% at 20,417.56. Meanwhile Yen +0.4% at 106.08 per dollar.
Source : Bloomberg