Japan shares edge lower on lacklustre export data, profit-taking [Reuters]
DAIICHI SANKYO S/ADR (DSNKY)
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Source: Reuters
Japan shares edge lower on lacklustre export data, profit-taking TOKYO, Dec 18 (Reuters) - Japanese shares edged lower on Wednesday as investors stayed on the sidelines after data showed that the trade-reliant economy’s exports shrunk for the 12th month amid the Sino-U.S. tariff war, raising the risk of a fourth-quarter contraction. The Nikkei index was down 0.30% at 23,993.69, as of 0147 GMT, with industrial and technology sectors leading the declines. In the previous session, the benchmark index touched its highest since Oct. 4, 2018. The Nikkei advanced 20.24% so far this year. It has surged almost 13% from its October low, and a few investors are closing out positions to book gains on this rally. Official data released on Wednesday showed Japan’s exports fell 7.9% year-on-year in November. It was the longest run of declines in exports since a 14-month stretch to November 2016 as shipments of cars and construction machinery to the United States and chemical products to China fell.
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