Tokyo stocks open lower amid US-China tensions | Malay Mail

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TOKYO, July 27 — Tokyo stocks opened lower today, playing catch-up after a four-day weekend, with global risk aversion on intensifying China-US tensions. The benchmark Nikkei 225 index fell 1.12 per cent or 255.66 points to 22,495.95 in early trade while the broader Topix index lost 1.04 per cent...

The benchmark Nikkei 225 index fell 1.12 per cent or 255.66 points to 22,495.95 in early trade while the broader Topix index lost 1.04 per cent or 16.29 points to 1,556.67. — Reuters pic

The benchmark Nikkei 225 index fell 1.12 per cent or 255.66 points to 22,495.95 in early trade while the broader Topix index lost 1.04 per cent or 16.29 points to 1,556.67. “There are concerns that the US-China conflict could intensify further via a chain of retaliatory measures,” he said in a note, adding resurging coronavirus cases in some US states also weighed on sentiment.

China ordered the closure of the American consulate in Chengdu in retaliation for the United States shuttering Beijing’s diplomatic mission in Houston.

 

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