Japanese shares end lower in wait for update on U.S. tariffs [Reuters]
HITACHI LTD ADR (HTHIY)
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Source: Reuters
Japanese shares end lower in wait for update on U.S. tariffs TOKYO, Dec 11 (Reuters) - Japanese stocks ended lower on Wednesday as an approaching deadline for U.S. tariffs on nearly $160 billion worth of Chinese consumer goods just weeks before Christmas kept investors away from risk-taking. The Nikkei index closed down 0.08% at 23,391.86, with industrial and healthcare sectors leading the declines. The tariffs are set to kick in on Dec. 15, but the United States and China are planning a delay as trade talks continue, the Wall Street Journal reported on Tuesday. However, some traders were cautious as negotiations between the two countries have been fractious and both sides have sent mixed signals about the chance of agreeing to a deal to end a trade row that has dragged on for more than a year. “I lean toward the positive side in terms of valuations for Japanese equities, which look cheap,” said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management Co in Tokyo
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