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Japanese shares dip as investors await clarity on U.S. tariffs

Published 11/12/2019, 03:39
Updated 11/12/2019, 03:45
© Reuters.  Japanese shares dip as investors await clarity on U.S. tariffs
JP225
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TOPX
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1332
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4523
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9104
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5233
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3436
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7004
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By Stanley White

TOKYO, Dec 11 (Reuters) - Japanese stocks edged lower on

Wednesday as an approaching deadline for U.S. tariffs on nearly

$160 billion worth of Chinese consumer goods just weeks before

Christmas kept investors risk-averse.

The Nikkei index .N225 fell 0.26% to 23,350.20 by 0138

GMT, with industrial and healthcare sectors leading the

declines.

The tariffs are set to kick in on Dec. 15, but the United

States and China are planning a delay as trade talks continue,

the Wall Street Journal reported on Tuesday. However, some traders were cautious as negotiations between

the two countries have been fractious and both sides have sent

mixed signals about the chance of agreeing to a deal to end a

trade row that has dragged on for more than a year.

Some investors also avoided taking big positions ahead of

the outcome of a rate-setting meeting by the U.S. Federal

Reserve later in the day and a British general election the

following day, which could cause gyrations in financial markets.

There were 63 advancers on the Nikkei index against 156

decliners.

The largest percentage losers included container shipper

Mitsui OSK Lines Ltd 9104.T down 2.7%, followed by Taiheiyo

Cement Corp 5233.T losing 2.18% and drugmaker Eisai Co Ltd

4523.T down 2.12%.

The largest percentage gainers included industrial machinery

maker Hitachi Zosen Corp 7004.T up 3.18%, followed by silicon

maker Sumco Corp 3436.T gaining 2.7% and marine food producer

Nippon Suisan Kaisha Ltd 1332.T up 2.19%.

The broader Topix index .TOPX fell 0.45% to 1,715.96.

The volume of shares traded on the Tokyo Stock Exchange's

main board .TOPX was 0.43 billion, compared with the 30-day

average of 1.25 billion.

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