[ad_1]
Japanese equities fell on Tuesday (August 6th) to their lowest level since early January, spurred by the specter of a large-scale trade war between China and the United States after Washington called Beijing a money manipulator. .
Although the market has reduced more than half of its previous losses, due to factors such as the stability of the Chinese yuan, investors remain cautious because of the growing uncertainty about the prospects of the economy. World.
The Nikkei benchmark fell 0.65% to close at 2.0855.31 points, after falling 2.94% during the session and its lowest level since January 10th. The broader Topix index lost 0.44% to 1,499.23 points.
The one-year US-China trade war is sharply worsening, with Washington accusing Beijing of manipulating its currency after China has allowed the yuan to fall to its lowest level in more than a decade.
Companies exposed to global trade were hard hit, with the yen hitting a 7-month high against the dollar.
Toyota Motor and Softbank Group, the two largest companies in the world with a global market capitalization, declined by 2.4% and 2.9% respectively.
Panasonic shares fell 2% after losing 4.2%, their lowest level in three and a half years, while Honda Motor fell 0.2%, its lowest level in three years.
The volume reached 2637 billion yen, more than 30% above the average of last month.
[ad_2]
Source link
