The Nikkei closed down 0.8% at 23,141.55, its lowest level since November 5th. The broader Topix index fell 0.9% to 1,684.40, lows for a week and a half.
The rumors of the Wall Street Journal allegedly depressed the expectations for a Sino-US phase one agreement, according to which the negotiations would have "encountered an obstacle" in terms of purchases of agricultural products, with Beijing opposed to an agreement that seems to be hanging at favor of the USA.
Fears of violent anti-government protests in Hong Kong also undermine investor sentiment.
"The Nikkei has made noteworthy gains in recent weeks. As for the level, it's no wonder investors have started making profits, "notes Yasuo Sakuma, Chief Investment Officer at Libra Investments.
NISSAN, HONDA and TOYOTA – export-oriented companies – lost 3.5%, 2.2% and 1.2% respectively.
Z HOLDINGS, which changed its name from Yahoo Japan last month, jumped 16.9% after the announcement of negotiations for a merger with Line.
The messaging app in turn jumped by 15.4%, while SOFTBANK, which holds almost half of Z Holdings, closed with + 1.9%.
The merger talks between the two internet companies also put pressure on competitors, with RAKUTEN INC down 5.8%.
The telecommunications sector closed the session up 0.3%, the best of the 33 sub-indices in Tokyo.
Source link
https://it.reuters.com/article/businessNews/idITKBN1XO15B
Dmca
