Nikkei 225 closes lower by 0.59% at 21,062.98

Author: Justin Low | Category: News

Japanese stocks fall as US-China tensions continue to linger

Nikkei 16-05
The US choosing to escalate things via their ban on Huawei isn't helping to ease investors' nerves in Asia as equities are trading in a bit of a mixed mood in the region. Chinese stocks are still holding higher on the back of stimulus hopes but the rest of the major indices are holding softer as risk sentiment remains cautious.

The fall in the Nikkei isn't helped by a fall in exporters and financials - with the latter sector weighed lower by weak earnings from MUFJ and Mizuho.

US equity futures are down by 0.4% and that is more reflective of market sentiment that we're seeing currently. As such, USD/JPY is weighed lower to just under 109.50 as we begin the European morning session.

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