Japanese shares fall as weak U.S. data reinforce fear of economic slowdown [Reuters]
YASKAWA ELECTRIC UNSP/ADR (YASKY)
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Source: Reuters
Japanese shares fall as weak U.S. data reinforce fear of economic slowdown - Reuters 2 Min Read TOKYO, Oct 2 (Reuters) - Japanese shares fell on Wednesday after manufacturing activity in the United States shrank to its lowest in more than a decade, offering further evidence that the ongoing U.S.-China trade war is slowing global growth. At 0150 GMT the Nikkei average share price index was down 0.55% on the day at 21,765.89. A survey from the U.S. Institute for Supply Management (ISM) on Tuesday showed manufacturing activity in the United States tumbled to a more than 10-year low in September as the trade war weighed on exports. Last week separate data showed U.S. consumer spending slowed and capital goods orders fell in August as a year-long standoff over China’s trade policy starts to hobble the world’s largest economy. In Japan, there were 149 decliners on the Nikkei index against 70 advancers on Wednesday. Heavy equipment makers and exporters led declines as weak manufacturing data
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