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Tokyo stocks open lower on trade worries

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Asian shares were heading for weekly losses on Friday as conflicting messages on the Sino-U.S. trade war only added to worries for the global ...

TOKYO/SYDNEY: Tokyo stocks opened lower on Friday , hovering around its lowest levels of the year, on dampened hopes of an early settlement of the US-China trade war.

The dollar fetched 106.07 yen in early Asian trade, against 106.10 yen in New York and 105.91 yen in Tokyo on Thursday. "It is clear that China is willing to play the long game, meaning that to de-escalate tensions, any compromise will have to come from the US side," he said, citing an editorial from China's state-controlled media The Global Times.In Tokyo, China-linked exporters were among the losers, with industrial robot maker Fanuc trading down 1.21 per cent at 17,845 yen and electronic parts maker Rohm off 1.44 per cent at 7,510 yen.

 

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