TokyoThe Japanese stock exchanges gave in on Thursday. The escalating trade dispute between the US and China is weighing on the market, traders said. In addition, weak US economic data, such as a decline in retail sales, weighed on sentiment. "Most investors have expected the US economy to be strong, which was a shock," said Hiroyuki Ueno, market strategist at Sumitomo Mitsui Trust Asset Management.
The Japanese leading index Nikkei fell by noon by 1.1 percent to 20,970 points. The broader Topix yielded 0.8 percent to 1532 points.
The individual values were banks in the focus. After a decline in profits, investors sold shares of the Mitsubishi UFJ Financial Group, which lost over three percent in value. The shares of Japan Display plummeted up to eleven percent. The stumbling Apple supplier does not get out of the red and saw the ninth quarter in a row loss.
On the Far Eastern currency market, the euro rose slightly to $ 1,1208. The European Union currency benefited from a Reuters report that US President Donald Trump will postpone his decision on tariffs on European import cars.
For the Japanese currency, the US currency was slightly lower at 109.47 yen.
. (tagsToTranslate) Nikkei (t) Topix (t) Asia (t) Trading Dispute (t) United States (t) China (t) Trump (t) Stock Market (t) Investment (t) Share (t) Mitsubishi (t) Sumitomo Mitsui (t) Japan Display Inc (t) Apple (t) Donald Trump