Chinese Leader: Points and Percent

chinese leader: On Thursday, the key market gauge dropped 200.46 points. ; The Topix index of all first-section issues was down 1.29 points, or 0.08 percent, at 1,549.42, after losing 21.62 points the previous day, according to The Japan Times. From the outset of Friday's trading, investors moved to buy back shares battered in recent sell-offs. The 225-issue Nikkei average fell 57.21 points, or 0.27 percent, to end at 21,344.92 on the Tokyo Stock Exchange. Sentiment was brightened by media reports that U.S. President Donald Trump said he received a beautiful letter from Chinese President Xi Jinping and could have phone talks with the Chinese leader, brokers said, adding a rebound in Shanghai stocks also provided a buying incentive. The import duty was raised to 25 percent from 10 percent at 1 01 p.m. But both the Nikkei and Topix indexes sank into negative territory when a wave of selling by short-term players hit the futures market and pricey cash stocks at around the time the Trump administration carried out the tariff hike, brokers said. (news.financializer.com). As reported in the news.