Japan's shares fell to their lowest level in two months due to the trade war and the strength of the yen

TOKYO (Reuters) – Japanese stocks fell on Monday as investors worried about the long trade war between China and the United States, while the rapid rise of the yen had weighed on stocks' worth. export such as Panasonic and Diken.

The Nikkei benchmark lost 1.7% to continue the downward trend after a big loss Friday of 2.1%, posting a score of 20720.29 points, its lowest level since June 5th. Of the 33 stock exchanges in Tokyo, 32 indices fell.

The dark stock market atmosphere left Wall Street down on Friday, as the Dow Jones and S & P indexes hit their lowest levels since the end of June.

US President Donald Trump took the surprise decision Thursday to impose a 10% tax on the $ 300 billion Chinese imports, which would shock markets and put an end to a commercial truce. a month. China has promised to answer on Friday.

The rapid rise of the yen in Asian trade has also hurt sentiment and led to the fall of exporters: Nissan lost 4.3%, Panasonic 3.7% and Dayken Industries 3.1%.

The overall Topix index lost 1.8% to 1,505.88 points, its lowest level in two months. In the previous session, the index had the lowest level in seven months.

(Reuters)