Ary News

By -

TOKYO: Tokyo stocks closed lower on Monday as investors locked in profits amid fresh concerns about the US-China trade row.

The benchmark Nikkei 225 index lost 0.56 percent or 123.06 points to 21,755.84 while the broader Topix index ended down 1.03 percent or 16.45 points at 1,587.80.

“Profit-taking led trade with sentiment weighed down by uncertainty over the US-China trade row,” said Yoshihiro Ito, chief strategist at Okasan Online Securities.

Wall Street closed lower on Friday after reports that US President Donald Trump is mulling severe new restrictions on investment in China.

The US and China have been locked in a bruising trade war for more than a year, with the world´s two biggest economies imposing tariffs on hundreds of billions of dollars in bilateral trade.

Despite ongoing trade pressure with the US, China´s manufacturing sector showed unexpected signs of improvement with two indexes showing Monday that manufacturing activity edged up in September.

Later this week, market participants were awaiting key events and data, including the Bank of Japan´s Tankan quarterly business confidence survey on Tuesday, a sales tax hike also on Tuesday, and US jobs data on Friday, analysts said.

Negative impact on domestic demand because of the tax hike “will likely be smaller than the previous tax hike” in 2014, said Mitsuhiro Shibuya, senior strategist at Daiwa Securities.

In individual share trading, IT investor SoftBank Group fell 2.61 percent to 4,240 yen.

Automakers were also losers, with Toyota closing down 2.07 percent at 7,216 yen, Honda down 1.46 percent at 2,798.5 yen and Nissan off 1.72 percent at 674.1 yen.

The dollar was trading at 107.85 yen against 107.95 yen in New York on Friday.

The post Tokyo stocks close lower as US-China trade row weighs appeared first on ARYNEWS.



from ARYNEWS https://ift.tt/2mLKzkB
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Ary News

By -
Image
MUZAFFARGARH: A security guard in Muzaffargarh committed suicide by shooting himself in head reportedly after he was denied days off, ARY News has learnt. The incident took place last week on April 5 in Qasba Gujrat area of Muzaffargarh, and the CCTV footage acquired from the oil company where the deceased security guard was deployed has brought the matter to light. As per details, Shaukat handed over his mobile phone and some cash to his colleagues sitting inside the office. He then came out and shot himself with his official gun, bringing an end to his life. The disturbing footage shows Shaukat walking out of the office and then a snippet from another camera shows him falling down amidst smoke from his gun. His colleagues are then seen rushing towards him. Shaukat’s colleagues while talking to ARY News have said that he killed himself after he was denied days off by the management. They also alleged that he was severely disheartened due to the behaviour of his higher-ups. On t
CLICK HERE TO DOWNLOAD

Ary News

By -
Image
KARACHI: Export Industry owners facing adversity as they are unable to deliver their export orders due to gas load shedding and low pressure in Karachi, ARY News reported on Monday. As per details, gas crises have intensified in several parts of the metropolis, as winter began which is causing hurdles for the domestic and industrial units. President Site Association Saleem Parekh has said they are facing huge lose due to gas load shedding and low pressure in the city. “Export session is being badly affected, we are unable to deliver orders as Christmas is right on the corner,” said Saleem Parekh. Meanwhile, spokesperson of the Sui Southern Gas Company (SSGC) has said gas pressure has dropped due to technical faults in the fields, efforts underway to resume supply at its full capacity, he added. It is pertinent to mention here that Minister for Petroleum Ghulam Sarwar Khan, on December 4, had said that people would not face gas load-shedding during winter season this year. Relate
CLICK HERE TO DOWNLOAD

Ary News

By -
Image
Paris was on high alert Saturday with major security measures in place ahead of fresh “yellow vest” protests which authorities fear could turn violent for a second weekend in a row. Shops, museums, metro stations and the Tour Eiffel were due to close, while top-flight football matches and music shows were cancelled. The French capital experienced its worst riots in decades last weekend, in scenes that shook the country and plunged President Emmanuel Macron’s government into its deepest crisis so far. France’s interior minister Christophe Castaner said he expected “only a few thousand people” to descend on the capital after the 8,000 protesters counted last weekend, “but among them are ultra violent individuals”. “These past three weeks have seen the birth of a monster that has escaped its creators,” he said, adding that a “large-scale” security operation would be launched Saturday. He vowed “zero tolerance” towards those aiming to wreak further destruction and mayhem, after dozen
CLICK HERE TO DOWNLOAD