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Tokyo stocks open lower on US-China tension | Malay Mail

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TOKYO, May 29 ― Tokyo stocks opened lower today, tracking falls on Wall Street on rising tensions between the US and China. The benchmark Nikkei 225 index was down 0.56 per cent or 123.03 points at 21,793.28 in early trade, while the broader Topix index slipped 0.65 per cent or 10.20 points to...

The benchmark Nikkei 225 index was down 0.56 per cent or 123.03 points at 21,793.28 in early trade, while the broader Topix index slipped 0.65 per cent or 10.20 points to 1,567.14. — Reuters pic

“Ahead of the weekend, the Japanese market is seen weighed down by falls in US shares,” Okasan Online Securities said in a commentary. US Secretary of State Mike Pompeo said the status had been withdrawn because China was no longer honouring its handover agreement with Britain to allow Hong Kong a high level of autonomy.In Tokyo, Nissan dived 6.67 per cent to ¥420.3 and its smaller alliance partner Mitsubishi Motors dropped 4.49 per cent to ¥319 after Nissan reported a huge US$6.2-billion annual net loss as it reels from the impact of the coronavirus.

Other carmakers were also lower, with Toyota trading down 1.31 per cent at ¥6,881 and Honda off 1.91 per cent at ¥2,842.5 yen.

 

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