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Japanese stocks fall amid uncertainty around fresh U.S. tariffs

Published 10/12/2019, 03:58
Updated 10/12/2019, 04:00
© Reuters.  Japanese stocks fall amid uncertainty around fresh U.S. tariffs
JP225
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TOPX
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1332
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5202
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9503
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6952
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4043
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2432
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By Stanley White

TOKYO, Dec 10 (Reuters) - Japanese shares edged lower on

Tuesday on lingering doubts about a fresh round of U.S. tariffs

on Chinese imports against the backdrop of positive commentary

from Washington and Beijing on progress in trade talks.

The Nikkei 225 index .N225 fell 0.18% to 23,388.92 by 0157

GMT, with industrial and consumer discretionary sectors leading

the decliners.

In the run-up to new tariffs on $156 billion worth of

Chinese imports on Dec. 15, both China and the United States

have made reconciliatory tones.

While China has said it hoped to make a trade deal as soon

as possible, U.S. President Donald Trump said Washington is

doing well in hammering out an agreement with Beijing.

Some traders are also focused on a U.S. Federal Reserve

meeting ending Dec. 11. The Fed is widely expected to keep

interest rates on hold, but traders will scrutinise the Fed's

statement and its economic forecasts for clues about future

policy decisions.

The largest percentage losers on the index were chemicals

maker Tokuyama Corp 4043.T , down 3.5%, followed by Kansai

Electric Power Co Inc 9503.T , losing 2.73%, and Internet

services company DeNA Co Ltd 2432.T , sliding 2.46%.

The largest percentage gainers were marine products company

Nippon Suisan Kaisha Ltd 1332.T , up 3.07%, followed by Casio

Computer Co Ltd 6952.T , gaining 2.42%, and Nippon Sheet Glass

Co Ltd 5202.T , up by 2.33%.

There were 59 advancers on the Nikkei index against 153

decliners.

The broader Topix .TOPX fell 0.11% to 1,720.48.

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

main board .TOPX was 0.41 billion, compared to the average of

1.25 billion in the past 30 days.

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