Japanese shares fall as hopes of early resolution to U.S.-China spat fade [Reuters]
RAKUTEN GROUP INC S/ADR (RKUNY)
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Source: Reuters
Japanese shares fall as hopes of early resolution to U.S.-China spat fade - Reuters 3 Min Read * Nikkei falls near 3-month low, defensive shares hit * Investors grow pessimistic on U.S.-China trade By Hideyuki Sano TOKYO, May 30 (Reuters) - Japan’s Nikkei share average dropped on Thursday, clinging near to three-month lows touched earlier this month on growing anxiety the trade dispute between the United States and China will be prolonged and damaging to the economy. The Nikkei fell 0.85% to 20,824, not far from its May 14 intraday low of 20,751. “A rebound around that level will lead to formation of a double-bottom and could underpin the market,” said Masayuki Doshida, senior market analyst at Rakuten Securities. But a break below that line, which will take the Nikkei to the lowest levels since mid-February, will further impact already weak market sentiment, he added. The broader Topix slumped 0.94% to 1,522.03, near a four-month low of 1,508 touched in mid-May. Despite the downturn,
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