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Nikkei Tumbles on Trade War Fears, Firms With China Exposure Most Hit
Friday, 23 March 2018 10:14 WIB | MARKET UPDATE |Nikkei 225Saham JepangIndeksTopix

Japan™s Nikkei share average tumbled on Friday to its lowest level since mid-October on concerns over escalating global trade tensions that triggered a spike in the yen.

U.S. President Donald Trump signed a presidential memorandum on Thursday that will target up to $60 billion in Chinese goods with tariffs. They will kick in after a 30-day consultation period.

Japan™s benchmark Nikkei dropped as much as 3.9 percent to 20,745.51, its lowest point since October 10. The broader Topix declined 2.6 percent to 1,683.00, with 32 of its 33 subsectors in negative territory.

Source : Reuters

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