Nikkei falls as traders return to spike in U.S.-China trade tensions [Reuters]
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Source: Reuters
Nikkei falls as traders return to spike in U.S.-China trade tensions - Reuters 3 Min Read * Nikkei falls to lowest since early April at one point * Apple suppliers tank on double whammy of earnings and China demand concerns * Sony soars after it forecasts better-than-expected profit By Ayai Tomisawa TOKYO, May 7 (Reuters) - Japan’s Nikkei fell on Tuesday as investors returned from a 10-day holiday to worries that U.S.-China trade talks may be at risk of breaking down. Apple Inc’s suppliers and factory automation machinery firms also succumbed to heavy selling. The Nikkei share average dropped 1 percent to 22,026.32 points by mid-morning, after falling to as low as 21,965.60 earlier, the lowest level since mid-April. Japanese markets were closed April 27 to May 6 for the Golden Week holidays. Late on Sunday, U.S. President Donald Trump stunned financial markets by announcing he would hike tariffs on Chinese goods on Friday, triggering a global sell-off in stocks and other riskier asset
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