Nikkei drops to 1-month low on revived U.S.-China trade worries; Sony gains [Reuters]
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Source: Reuters
Nikkei drops to 1-month low on revived U.S.-China trade worries; Sony gains | Reuters 2 Min Read * Nikkei posts a 2.2 pct weekly drop * Nikon tumbles 12 pct on cut in imaging business forecast * Sony soars after announcing share buyback By Ayai Tomisawa TOKYO, Feb 8 (Reuters) - Japan’s Nikkei closed at a one-month low on Friday, as renewed worries about the United States-China trade dispute plus dismal earnings from Japan Inc hurt risk appetites. The Nikkei share average sank 2 percent, its biggest one-day loss since early January, to 20,333.17, its lowest closing level since Jan. 10. For the week, the Nikkei shed 2.2 percent. U.S. President Donald Trump said he did not plan to meet Chinese President Xi Jinping before the March 1 deadline set by the two countries for reaching an agreement. “Investors are getting nervous since the market had been optimistic about a resolution of the trade dispute since the beginning of the year,” said Shusuke Yamada, chief Japan FX strategist at Bank O
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