Tokyo stocks close lower for 6th straight session

Jiji PressTOKYO (Jiji Press) — Stocks finished lower for the sixth straight trading session on the Tokyo Stock Exchange on Monday, amid heightening concerns over a prolonged U.S.-China trade war.

The 225-issue Nikkei average fell 153.64 points, or 0.72 percent, at 21,191.28. On Friday, it sank 57.21 points.

The TOPIX index of all First Section issues closed down 8.28 points, or 0.53 percent, at 1,541.14, after a loss of 1.29 points the previous trading day.

The Nikkei got off to a sluggish start after the United States and China failed to find a solution to their trade dispute in their two-day ministerial negotiations in Washington through Friday.

While the index temporarily dropped some 216 points right after the opening bell, the downside was limited by buybacks, according to brokers.

The Nikkei then showed directionless moves in negative territory for the remainder of the session, as investors adopted a wait-and-see stance before the United States announces details about additional tariffs on all imports from China later on Monday.

Falling issues outnumbered rising ones 1,491 to 589 in the TSE’s First Section, while 60 issues were unchanged.

Yutaka Miura, senior technical analyst at Mizuho Securities Co., said that Japanese investors were waiting to see how the Dow Jones industrial average reacts to the United States’ announcement.Speech

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