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Stock impact report

Japan's Nikkei edges up on exporters, TOPIX falls [Reuters]

NITTO DENKO CORP UNSP/ADR (NDEKY) 
NASDAQ:AMEX Investor Relations: nitto.com/us/en/ir
Company Research Source: Reuters
Japan's Nikkei edges up on exporters, TOPIX falls - Reuters 2 Min Read TOKYO, Nov 12 (Reuters) - Japan’s Nikkei edged up on Tuesday as a slightly weaker yen boosted shares of exporters, but the broader TOPIX index fell as worries about U.S.-China trade friction and an escalation of violence in Hong Kong hurt sentiment. The Nikkei index rose 0.07% to 23,348.86 by 0201 GMT. However, the Topix index fell 0.29% to 1,699.15, on course for its biggest decline in more than three weeks. The yen traded near a five-month low versus the dollar, which tends to benefit exporters because a weaker currency helps export competitiveness and inflates earnings repatriated from overseas. Excluding this factor, traders avoided taking big positions after U.S. President Donald Trump said there had been incorrect reporting about U.S. willingness to lift tariffs on China, which could make a resolution to a 16-month long trade war more difficult. Traders are also watching Hong Kong. Riot police fired tear gas Show less Read more
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