Percent Tariff: Points and Profit-Taking Pressure

percent tariff: On Tuesday it tumbled 229.38 points. ; The Topix finished up 12.93 points, or 0.87 percent, at 1,499.50, after dropping 17.27 points the previous day, according to The Japan Times. The Tokyo market got off to a robust start, with investors taking heart from the Dow's surge and the dollar's steep rise against the yen following the U.S. government's announcement that it will put off imposing a 10 percent tariff on some Chinese consumer products including smartphones and laptop computers from Sept. 1 to Dec. 15, brokers said. The Nikkei advanced 199.69 points, or 0.98 percent, to end at 20,655.13. After the initial spurt, stocks lost steam as profit-taking pressure grew. Investors refrained from continuing active purchases out of concern that the tensions between the economic superpowers will heighten again, an official at a major brokerage house said. But rises in the Shanghai and Hong Kong markets helped keep the Nikkei and Topix afloat throughout the afternoon session. (news.financializer.com). As reported in the news.