Equity MRK
Friday, November 16, 2018   
Adani Ports  346.65    (0.39%)
Asian Paints  1320.45    (0.62%)
Axis Bank  618.30    (-1.17%)
Bajaj Auto  2696.80    (0.95%)
Bharti Airtel  333.60    (9.81%)
Coal India  263.45    (0.15%)
H D F C  1887.55    (1.91%)
HDFC Bank  1998.90    (1.26%)
Hero Motocorp  2954.55    (1.28%)
Hind. Unilever  1690.75    (-0.87%)
ICICI Bank  367.40    (-0.60%)
IndusInd Bank  1498.85    (-0.99%)
Infosys  650.45    (-0.90%)
ITC  276.25    (0.66%)
Kotak Mah. Ban...  1167.50    (0.42%)
Larsen & Toubr...  1396.00    (-0.10%)
M & M  767.35    (0.20%)
Maruti Suzuki  7332.05    (-2.02%)
NTPC  154.05    (0.10%)
O N G C  156.55    (-1.48%)
Power Grid Cor...  187.95    (0.40%)
Reliance Inds.  1127.50    (2.79%)
St Bk of India  290.30    (1.75%)
Sun Pharma.Ind...  519.60    (0.90%)
Tata Motors  179.40    (-0.31%)
Tata Motors-DV...  98.80    (0.41%)
Tata Steel  574.10    (-2.47%)
TCS  1882.25    (0.90%)
Vedanta  206.70    (-0.41%)
Wipro  325.95    (0.62%)
Yes Bank  191.30    (-7.14%)
Market Menu
plusminDaily Market Tracker
Corporate Information
Corporate Actions
Other Markets
You are here : Equity | News | Foreign Markets
Japan Nikkei tumbles 1.2% on latest tariff news
(16:13, 11 Jul 2018)
Headline indices of the Japan share market dropped on Wednesday, 11 July 2018, amid sign of escalating trade tensions between the world's two biggest economies after the United States said it would impose tariffs on an extra 200 billion worth of Chinese imports. Among TSE33 issues, 31 issues inclined, while 4 declined, with shares of Pharmaceutical, Wholesale Trade, Pulp & Paper, Electric Power & Gas, Iron & Steel, and Marine Transportation issues being notable gainers. At the close, the benchmark Nikkei 225 index dropped 1.2%, or 264.68 points, to 21,932.21. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 0.83%, or 14.25 points, to 1,701.88.

The United States government decided to impose the extra tariffs after efforts to negotiate a solution to the dispute failed to reach an agreement. The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10% tariffs on an extra $200 billion worth of Chinese imports.

U.S. officials released a list of thousands of Chinese imports the administration wants to hit with the new tariffs, including hundreds of food products as well as tobacco, chemicals, coal, steel and aluminum. It also includes consumer goods ranging from car tires, furniture, wood products, handbags and suitcases, to dog and cat food, baseball gloves, carpets, doors, bicycles, skis, golf bags, toilet paper and beauty products.

Last week, Washington imposed 25% tariffs on $34 billion of Chinese imports, drawing immediate retaliatory duties from Beijing on US imports in the first shots of a heated trade war. US President Donald Trump had warned then that his country may ultimately impose tariffs on more than $500 billion worth of Chinese imports.

The news sent stocks tumbling, and prompted a senior Chinese commerce ministry official to warn that the United States was harming the global trade order.

Shares of Saizeriya fell 6.4% as restaurant operator consolidated operating profit in the nine months through May, announced on Tuesday, tumbled 20.1% from a year earlier to Y6.42 billion.

Shares of Bic Camera rose 6.6% after consumer electronics retailer announced strong earnings Tuesday for the nine-month period to May. Its group operating and net profits jumped 38.4% and 32.7%, respectively, from a year before.

On the economic news front, Japan Producer Prices Up 0.2% On Month In June -- Japan producer prices added 0.2% on month in June, the Bank of Japan said on Wednesday, down from 0.6% in May. On a yearly basis, producer prices advanced 2.8%, up from 2.7% in the previous month. Export prices were up 0.1% on month and 3.5% on year in June, the bank said, while import prices climbed 1.8% on month and 10.5% on year.

Japan Core Machine Orders Fall 3.7% In May -- Japan core machine orders dropped 3.7% on month in May coming in at 907.9 billion yen, the Cabinet Office said on Wednesday, following the 10.1% spike in April. On a yearly basis, machine orders surged 16.5%, following the 9.6% jump in the previous month.

CURRENCY NEWS: The Japanese yen appreciated against U.S. dollar in Tokyo on Wednesday.The dollar was down 0.1% at 110.88 yen, pulled back from a near two-month peak of 111.355.

Powered by Capital Market - Live News