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  HOME | Business & Economy (Click here for more)

Tokyo Stocks Tumble amid Fresh Concerns over US-China Tensions

TOKYO Tokyo stocks closed 0.56 percent down on Monday amid fresh concerns over the future of the trade relations between the United States and China.

The benchmark index Nikkei 225 fell 1.03 percent or 16.45 points, to stand at 1,587.80.

The broader-based Topix index saw a drop of 1.03 percent or 16.45 points to end at 1,587.80.

The decline was caused due to the same reasons as the fall of Wall Street on Friday amid fresh concerns over trade tensions between the US and China.

Apparently, the US is analyzing, among other measures, the possibility of limiting investment in the Chinese market and also of excluding Chinese companies from Wall Street.

These concerns which affected Wall Street also extended to Tokyo and key firms such as Softback fell 2.61 percent.

Toyota dropped 2.07 percent, while Sony fell 0.09 percent. Nintendo recorded a decline of 0.89 percent.

However, Fast Retailing, the parent company of Uniqlo clothing chain, ended in positive with rise of 0.54 percent.

In Topix index, 1,624 companies recorded a slash and 465 recorded a climb, while 61 ended without changes.

Trade volume touched 2.34 trillion yen (19.82 billion euros or $21.69 billion) as compared to 2.36 trillion yen in the previous session.

 

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