Wednesday Session: Points and Section Issues

wednesday session: The Tokyo market went south from the outset after U.S. President Donald Trump told reporters Tuesday that he thinks it better to wait until the 2020 presidential election to conclude a preliminary trade deal with China, according to The Japan Times. Although stocks showed some resilience later in the morning, the yen's appreciation against the dollar also helped kept the Nikkei and Topix indexes in negative territory throughout the Wednesday session, brokers said. The 225-issue Nikkei average dived 244.58 points, or 1.05 percent, to end at 23,135.23, after falling 149.69 points Tuesday. ; The Topix index of all TSE first section issues finished down 3.46 points, or 0.20 percent, at 1,703.27, following a 7.76-point drop the previous day. Investors took the Trump remark as suggesting the possibility of Washington slapping tariffs on Chinese goods on Dec. 15 as scheduled, said Chihiro Ota, general manager for investment research and investor services at SMBC Nikko Securities Inc. Tomoaki Fujii, head of the investment research division at Akatsuki Securities Inc., said trading turned quiet in the afternoon as players retreated to the sidelines to wait for fresh news on the U.S.-China trade front. The Nikkei fared far poorer than the Topix because Uniqlo clothing store operator Fast Retailing Co., a key component of the blue-chip index, met with severe selling from beginning to end, Ota added. (news.financializer.com). As reported in the news.