Headline indices of the Japan share market closed down on Tuesday, 21 May 2019, tracking weak lead from Wall Street overnight as investors fret over the latest flare-up in the China-US trade war involving Chinese tech giant Huawei and concerns about the future course of the global economy. At closing bell, the 225-issue Nikkei Stock Average fell 0.14%, or 29.28 points, to 21,272.45, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 0.30%, or 4.62 points, at 1,550.30.
Total 24 issues of 33 subsectors of the Tokyo Stock Exchange declined, with shares in Marine Transportation, Mining, Oil & Coal Products, Warehousing & Harbor Transportation Services, Insurance, and Electric Appliances issues being notable losers, whereas Rubber Products, Information & Communication, and Iron & Steel were notable gainers.
Shares of technology companies fell sharply after Google began to sever ties with Chinese telecoms giant Huawei amid the US-China trade war. Electronic parts maker Rohm dropped 1.16% to 6,760 yen, while chip-making equipment manufacturer Tokyo Electron closed down 1.87% at 15,420 yen.
CURRENCY NEWS: The Japanese yen depreciated against the dollar on Tuesday.
The dollar fetched 110.15 yen in Asian afternoon trade, against 110.04 yen in New York late Monday.
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