Nikkei, Topix & Co: Tokyo stock exchange in the red

Financial markets in Japan

Asian investors continue to monitor tensions between the United States and China.

(Photo: dpa)

Shanghai The Tokyo stock exchange initially showed weakness on Monday after a long weekend. Experts point to the increasing tensions between the United States and China. Secretary of State Mike Pompeo’s words have become so aggressive that “markets are worried about a further escalation,” said Mitsubishi Securities chief investment strategist Norihiro Fujito.

The Nikkei index, which comprises 225 values, was 0.7 percent lower over the course of the year at 22,582 points. The broader Topix index fell by 0.6 percent and stood at 1563 points. The MSCI index for Asian stocks outside Japan fell 1.8 percent.

In Asian currency trading, the dollar fell 0.3 percent to 105.82 yen and rose 0.2 percent to 7.0140 yuan. It was 0.2 percent lower at CHF 0.9189 for the Swiss currency. In parallel, the euro rose 0.3 percent to $ 1.1690 and rose 0.2 percent to CHF 1.0746. The pound sterling gained 0.2 percent to $ 1.2818.

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