Tokyo stocks opened with a lower value this Tuesday as investors eye the developments on the US-China trade war. The Nikkei 225 index is down after Tokyo stocked experienced gains last Monday.
This Tuesday, Tokyo's Nikkei 225 index opened lower which indicated that the investors were cautious about the developments of the US-China trade war, reported Business Times. The report indicated that there are also fewer fresh market-moving events that affected investor confidence.
According to Xinhua, the First Section of the Topix Index at the Tokyo Stock Exchange this Tuesday fell at 0.50 points or 0.03 percent at 1,700.22. Furthermore, the rubber, nonferrous metal product, and other machine industry current issues were labeled as the cause of such decline.
The Nikkei was down 0.21 percent or 48.44 points yielding 23,368.32 for this year's trade index. Similarly, the Topix index was also down by 0.18 percent or 3.00 points yielding 1,697.72.
Last Monday, the Nikkei was up 113.44 points or 0.49 percent and yielded 23,416.76, reported Japan Times. The Topix which was listed on the Tokyo Stock exchange was at 4.05 points or 0.24 percent. Last Friday, it yielded 1,700.72 after rising to 12.27 points.
During such time, buying interest Roseto after the Dow Jones Industrial Average, the Nasdaq composite index, and the S&P 500 index all improved in the market. The report indicated that it showed an improvement in investor confidence after the progress of the US-China trade talks was revealed.
According to a strategist at Toyo Securities Co. Hirohumi Yamamoto, every time the US-China trade talks improve, a rise in Japanese stock purchases also increases.
Yamamoto added that others remain skeptical about the successful end of the trade negotiations. He claimed that the economic superpowers greatly affect the global economy and that heightened tensions in Hong Kong prevent investors from engaging in more stocks.
The report also indicated that semiconductor-related issues also affected investor confidence after the US's Applied Materials Inc., the major equipment manufacturer of the product, gained in the earnings projections.
The improvement of Applied Materials Inc.'s performance also caused gains to other companies such as the semiconductor test device market Advantest and Japan's Tokyo Electron.
The other stock inners were also engaged in the technological industry. These included investor SoftBank Group, clothing store chain Fast Retailing, and drug makers such as Taken and Eisai who engage in business with the US.
The cosmetic product Shiseido, on the other hand, lost during the seventh session while oil players Idemitsu and JXTG met with selling.
