Japan’s Nikkei litte changed on Tuesday morning as a stronger yen hurt risk sentiment, with cyclical stocks such as shippers, machinery stocks and automakers losing ground.
The Nikkei share average little changed at 22,192.45 at morning close. The broader Topix shed 0.3 percent to 1,687.87.
Declining issues outnumbered advancers 1,519 to 492.
The dollar dropped 0.18 percent to 109.87 yen, after falling below the psychologically-significant 110 yen level for the first time since June 28 after U.S. President Donald Trump criticized the Federal Reserve for raising interest rates.
Analysts said that the Japanese market is expecting thin summer trade again on Tuesday after Topixâ€™s volume and turnover hit the lowest since early April on Monday.
Against a backdrop of global trade disputes, Trump said in an interview with Reuters on Monday that China was manipulating the yuan.
Tuesdayâ€™s notable losers include shippers, with Mitsui OSK Lines falling 1 percent and Kawasaki Kisen shedding 0.9 percent.
Electronics shares also lost ground, with Panasonic declining 2.0 percent, Alps Electric falling 2.7 percent and Taiyo Yuden declining 2.1 percent.
Subaru Corp dropped 0.9 percent and Mazda Motor shed 0.7 percent.
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Sumber : bpfnews.com