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Japan Nikkei falls on simmering trade worries

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Headline indices of the share market slipped into negative territory on Wednesday, 12 September 2018, in the wake of the trade tensions and concerns about the crises in and However, market losses were limited as traders were looking to individual shares with prospects of strong earnings. Total 26 issues out of 33 index declined, with shares of Electric Appliances, Machinery, Construction, Metal Products, Marine Transportation, and issues being notable losers, while Mining, Information & Communication, and Fishery, Agriculture & Forestry issues were notable gainers. In late afternoon trade, the 225-issue Nikkei Stock Average declined 86.64 points, or 0.4%, to 22,578.05. The broader index of all First Section issues on the Stock Exchange, meanwhile, dropped 9.85 points, or 0.6%, to 1,689.06.

Investor confidence was chilled by the latest round of verbal threats in an intensifying US-trade conflict. told the (WTO) on Tuesday it wanted to impose $7 billion a year in sanctions on the in retaliation for Washington's non-compliance with a ruling in a dispute over U. S. dumping duties.

Separately, US told reporters on Tuesday that the was taking a tough stance with

Shares of export-related companies were mostly lower on a flat yen and worries about global trade tensions. The dollar fetched 111.52 yen in Asian trade, against 111.57 yen in late Tuesday. was down more than 1%, while and were lower by almost 1% each. rose 0.7%. declined 0.7% and fell 1.4%.

CURRENCY NEWS: was little changed in the upper 111 yen zone against greenback on Wednesday. Around afternoon, the dollar was quoted at 111.61-62 yen compared with 111.59-69 yen in and 111.53-55 yen on Tuesday in The euro, meanwhile, fetched 129.42-46 yen against 129.49-59 yen in and 129.70-74 yen in Tuesday trade in

OFFSHORE MARKET NEWS, US stock market closed higher on Tuesday. The Dow Jones Industrial Average rose 113.99 points or 0.4% to 25,971.06, the Nasdaq climbed 48.31 points or 0.6% to 7,972.47 and the advanced 10.76 points or 0.4% to 2,887.89.

The major European stock markets ended mixed on Tuesday. The French Index climbed by 0.3%, the German DAX Index and the U. K.'s Index both edged down by 0.1%.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 12 2018. 10:17 IST
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