Tokyo: Stocks end down over 2% on US tariffs on China

Tokyo stocks closed down more than two per cent on Friday, hit by worries about the US-China trade war and the yen's rise against the dollar.[TOKYO] Tokyo stocks closed down more than two per cent on Friday, hit by worries about the US-China trade war and the yen's rise against the dollar.

The broader Topix index on Friday shed 2.16 per cent or 33.89 points to 1,533.46 yen for a drop of 2.42 per cent on week. "The Tokyo market plunged as its initial reaction to the surprise tweet, and then investors shunned buying ahead of the weekend," said Seiichi Suzuki, senior market analyst at Tokai Tokyo Research Institute.

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