Japanese Stocks Decline as Investors Weigh China Tariff Risk

Japanese stocks closed lower on Friday after swinging between gains and losses as investors assessed the possibility that U.S. President Donald Trump will impose new tariffs on China.

Automakers and banks weighed the most on the benchmark Topix index, which capped a monthly decline, after a report said Trump is said to want to move ahead with a plan to impose tariffs on $ 200 billion of Chinese imports as soon as next week. The U.S. president rejected a European Union offer to scrap tariffs on cars, likening the bloc’s trade policies to those of China.

Shares in Tokyo trimmed losses after China’s manufacturing purchasing managers index unexpectedly strengthened in August. The Nikkei 225 Stock Average rose for a third month.

Topix -0.2% to close at 1,735.35 in Tokyo after dropping 0.7%; -1% for month. Nikkei 225 -0.02% to close at 22,865.15 after falling as much as 0.8%; +1.4% for month.

Source : Bloomberg

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Japanese Stocks Edge Up, Tech Shares Track Rise in Wall Street Peers

Japanese shares edged higher on Wednesday, tracking gains on Wall Street, although profit-taking and lingering trade concerns limited the market’s gains.

The Nikkei was up 0.27 percent at 22,875.12, headed for its seventh straight session of gains. The broader Topix gained 0.46 percent to 1,739.52.

The index had poked above 23,000 on Tuesday, reaching its highest since June 12 in intraday trading, before losing some traction.

Source : Reuters

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Japanese Stocks Slip as Tech Shares, Fast Retailing Retreat

Japan’s Nikkei slipped on Wednesday, as technology shares were hit by a slide in U.S. chip makers and sluggish sales weighed on index heavyweight Fast Retailing.

The Nikkei share average was down 0.55 percent at 21,665.48. The broader Topix was 0.27 percent lower at 1,688.17.

High-tech stocks tracked Wall Street peers. Tokyo Electron dropped 4.4 percent, Advantest Corp shed 4.8 percent, SUMCO Corp fell 5.05 percent and Screen Holdings lost 4.55 percent.

On Tuesday, the tech-heavy Nasdaq slid 0.86 percent, with chipmakers sliding after Micron Technology Inc sank when a Chinese court temporarily barred it from selling 26 chip products in the mainland. Micron said it had not yet received such an injunction, but its shares lost 5.5 percent on Tuesday.

Source : Reuters

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