April 14, 2021

Nikkei loses more than 2% after new restrictions from Tokyo to Seoul

The Nikkei index of the Tokyo Stock Exchange today lost more than 2 percent in the first tranche of trading, after announcing the Japanese government tightening its trade restrictions to Seoul and knowing the new US tariffs. to China.

The Nikkei benchmark index, which includes the 225 most representative titles in the market, lost 509.36 points or 2.36 percent, to 21,031.63 integers, in the mid-session break.

The Topix, a broader index that groups the firms with the highest capitalization, ended with a fall of 33.92 points or 2.16 percent, to 1,533.43 integers.

Tokyo parquet opened with a clear downward trend after US President Donald Trump announced the imposition of new 10% tariffs on Chinese imports valued at $ 300 billion since September 1, after concluding on Wednesday his last negotiating round in Shanghai.

To the restlessness of the investors due to the rebound of the commercial war between the first two world powers was added the decision this Friday of the Japanese Executive to withdraw South Korea from its list of preferred trading partners.

This measure will mean that South Korea no longer has access to simplified procedures for the purchase of materials and technology of Japanese origin susceptible to military use, and it is feared that it will have a negative economic impact on both the Japanese export industry and the South Korean sector of electronics devices.

. (tagsToTranslate) Nikkei (t) loses (t) restrictions (t) Tokyo (t) Seoul

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