Chinese Goods: Friday and Points

chinese goods: On Friday, the key market gauge plunged 453.83 points. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, finished 27.58 points, or 1.80 percent, lower at 1,505.88 after losing 33.89 points Friday, according to The Japan Times. The market expanded losses in the morning on broad-based selling in the wake of falls in U.S. and European stocks on Friday. The Nikkei 225 average dived 366.87 points, or 1.74 percent, to end at 20,720.29, the lowest closing level since June 4. Investors have grown more risk-averse since China showed on Friday its intention to hit back in response to U.S. President Donald Trump's abrupt announcement the day before that Washington would slap additional tariffs on Chinese goods worth 300 billion on Sept. 1, brokers said. The yen's sharp strengthening against the dollar and falls in other Asian markets further chilled sentiment, brokers said. Investor concerns about the trade war was fueled by the Chinese yuan's plunge to an 11-year low against the dollar, because Beijing is believed to have allowed the Chinese currency's drop in a possible retaliation against Trump's move, brokers and other sources said. (news.financializer.com). As reported in the news.