Wed, Jan 15, 2020 - 4:00 PM
The Nikkei share average fell 0.45 per Cent to 23,916.58, retreating from a four-week high of 24,060 touched the previous day, while the broader Topix lost 0.54 per cent to 1,731.06.
[TOKYO] Japanese shares dropped on Wednesday, snapping a three-session winning streak after a top US trade official said current tariffs on Chinese goods would stay for now, prompting investors to lock in profits from recent gains.
The Nikkei share average fell 0.45 per cent to 23,916.58, retreating from a four-week high of 24,060 touched the previous day, while the broader Topix lost 0.54 per cent to 1,731.06.
US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer said there was no agreement in place with China on further tariff reductions, taking the shine out of market enthusiasm about the upcoming trade deal.
The Nikkei has rallied nearly 20 per cent from its August low on hopes of a truce in the tariff dispute.
- Japan stocks slip as tariff comments dent trade deal optimismEconomic Times
- Tokyo stocks retreat as trade deal may not lift US tariffs on ChinaThe Mainichi
- Asia trades lower as investors await signing of US- China trade truceCNBC
- Asian Stocks - 15-01-20Armenpress.am
- Japan stocks lower at close of trade; Nikkei 225 down 0.45%Investing.com
- Tokyo shares dropMENAFN.COM
- Tokyo stocks ease ahead of US-China dealThe Japan Times
