Japanese stocks slip in choppy trade as yuan swings knock sentiment [Reuters]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Reuters
Japanese stocks slip in choppy trade as yuan swings knock sentiment | Reuters Reuters Staff 3 Min Read * Yuan’s fall sparks worries about China’s economy, * Steel makers, metal cos, shippers among biggest losers * Semi-conductor shares down after soft TSMC earnings * Defensive shares continue to attract funds By Hideyuki Sano TOKYO, July 20 (Reuters) - Japanese stocks ended weaker on Friday as an earlier decline in the Chinese yuan rekindled worries about the stability of the world’s second largest economy, which faces rising risks from a major trade conflict with the United States. Japan’s Nikkei share average fell 0.29 percent to 22,697.88 while the broader Topix shed 0.26 percent to 1,744.98. However, both indexes posted their second straight weeks of gains. The losses were driven by selling in Nikkie futures after the yuan weakened below 6.8 per dollar in the onshore trade for the first time in a year. However, a bounce in the yuan later on suspected support from Chinese state ban
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