Nikkei Drops 0.22% To 38,403 On Global Trade And Profit-Taking Pressure
Japan's Nikkei 225 closed down 0.22%, falling by 85.11 points to 38,403.23 on June 20. The decline reflected profit-taking in key sectors and caution over ongoing global trade uncertainties driven by increased tariff tensions.
Traders noted that recent strength in export-linked shares prompted gains earlier in the week, but the momentum waned as investors locked in profits. Broader market sentiment was dampened by lukewarm cues from China's economy and mixed signals on global trade negotiations.
Meanwhile, the Topix index also pulled back, weighed down by defensive sectors as investors adopted a more conservative stance heading into next week's economic calendar.
Analysts expect Tokyo's markets to remain range-bound as traders monitor fresh developments in US-China relations and await upcoming economic data, particularly corporate earnings and global trade indicators. Related
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Nikkei Drops 0.22% To 38,403 On Global Trade And Profit-Taking Pressure
Japan's Nikkei 225 closed down 0.22%, falling by 85.11 points to 38,403.23 on June 20. The decline reflected profit-taking in key sectors and caution over ongoing global trade uncertainties driven by increased tariff tensions. Traders noted that recent strength in export-linked shares prompted gains earlier in the week, but the momentum waned as investors locked in profits. Broader market sentiment was dampened by lukewarm cues from China's economy and mixed signals on global trade negotiations. Meanwhile, the Topix index also pulled back, weighed down by defensive sectors as investors adopted a more conservative stance heading into next week's economic calendar. Analysts expect Tokyo's markets to remain range-bound as traders monitor fresh developments in US-China relations and await upcoming economic data, particularly corporate earnings and global trade indicators. Related
New Straits Times
6 hours ago
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