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Stock impact report

Nikkei tumbles on fears of worsening U.S.-China trade tensions, stronger yen [Reuters]

Honda Motor Company, Ltd. (HMC) 
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Company Research Source: Reuters
Nikkei tumbles on fears of worsening U.S.-China trade tensions, stronger yen - Reuters 3 Min Read * Nikkei falls to lowest since April 2 * Topix’s 33 subsectors all in the red * Exporters lose ground after yen rises to 6-week high vs dollar By Ayai Tomisawa TOKYO, May 8 (Reuters) - Japan’s Nikkei tumbled 1.5 percent to a five-week low on Wednesday as fears there might be a breakdown in U.S.-China trade negotiations continued to weigh on the market, while a stronger yen pulled down exporters. Investors were spooked by a sell-off in Wall Street overnight, as the Dow Jones Industrial Average suffered its second-biggest daily percentage drop of the year. The Nikkei share average shed 321.13 points to end at 21,602.59, the lowest closing level since April 2, following a 1.5 percent drop on Tuesday, when investors returned to the market after a 10-day break for Japan’s Golden Week holidays and celebrations to mark the ascent of a new emperor to the throne. “The market before the Golden Week Show less Read more
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