Nikkei slides as escalation in U.S.-China trade war hurts sentiment [Reuters]
YASKAWA ELECTRIC UNSP/ADR (YASKY)
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Source: Reuters
Nikkei slides as escalation in U.S.-China trade war hurts sentiment - Reuters 3 Min Read * Nikkei’s falls 1%, then pares some of the loss * Topix closes near a February low * DeNA soars after share buyback announcement By Ayai Tomisawa TOKYO, May 13 (Reuters) - Japan’s Nikkei dropped on Monday as most cyclical sectors lost ground after the trade war between the United States and China escalated, while a fall in U.S. futures hurt sentiment. The Nikkei share average ended 0.7% lower at 21,191.28, the lowest closing since March 28. The broader Topix shed 0.5% to 1,541.14. Mini S&P futures was down 1.1% as the Nikkei closed. The dollar was down 0.2% for the day at 109.70 yen. The United States and China appeared at a deadlock over trade negotiations as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests. The trade war between the world’s top two economies escalated on Friday, with the United Sta
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