Tokyo Stocks: Two-Session Rise and Dow Jones

tokyo stocks: Beijing said it would slap retaliatory tariffs on 75 billion worth of U.S. goods, while U.S. President Donald Trump immediately vowed to fight back, according to The Japan Times. The Nikkei suffered a major setback after a two-session rise, also pressured by the yen's strengthening against the dollar, with the Japanese currency attracting safe-haven buying amid worries that the worsening U.S.-China trade war may lead to a global economic slowdown, market players said. At 9 03 a.m., the 225-issue Nikkei touched a low of 20,172.76, down 537.18 points, or 2.59 percent, from Friday's closing. ; Tokyo stocks skidded lower almost across the board, after the Dow Jones industrial average finished Friday's trading with a loss of more than 600 points as U.S.-China trade tensions escalated. In Tokyo currency trading, the dollar was quoted at 104.88-92 at 9 a.m., down sharply from 106.63-64 at 5 p.m. Reflecting risk aversion among investors, Japanese government bonds attracted buying, with the benchmark 10-year JGB yield dropping to a three-year low of minus 0.265 percent in early trading on Monday. Friday. (news.financializer.com). As reported in the news.