Japan’s Nikkei share average tumbled on Friday to its lowest level in more than five months as concerns over escalating global trade tensions triggered a spike in the yen, with machinery makers hit particularly hard. U. S. President Donald Trump signed a presidential memorandum on Thursday that will target
Japan’s Nikkei share average tumbled on Friday to its lowest level in more than five months as concerns over escalating global trade tensions triggered a spike in the yen, with machinery makers hit particularly hard.
U. S. President Donald Trump signed a presidential memorandum on Thursday that will target up to $60 billion in Chinese goods with tariffs. They will kick in after a 30-day consultation period.
Japan’s benchmark Nikkei ended 4.5 percent lower at 20,617.86, its biggest daily percentage drop since early February and its lowest closing level since Oct. 3.
For the week, the benchmark index tumbled 4.9 percent, the biggest weekly percentage fall since early February as well.
The broader Topix declined 3.6 percent to 1,664.94, with all of its 33 subsectors in negative territory. Trade was heavy, posting a turnover of 3.
