Nikkei starts week slightly lower

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The stock exchange in Japan started the new trading week with a small loss on Monday. Investors were particularly looking forward to the trade talks between the United States and China, which are expected to resume Thursday. However, Bloomberg news agency reported that Beijing is showing less and less willingness to conclude a broad trade deal with the US.

The main index in Tokyo, the Nikkei 225, finished 0.2 percent in the minus at 21,375.25 points. The hope for an interest rate cut in the US, following the disappointing job report last Friday, kept the loss limited.

Apple’s Japanese suppliers continued to attract attention among the companies thanks to better-than-expected sales of the new iPhones. According to business newspaper Nikkei, the American technology group has asked its suppliers to increase production by 10 percent. Murata Manufacturing rose 1.6 percent.

The All Ordinaries in Sydney gained 0.7 percent. In Seoul, the Kospi won 0.1 percent. In Shanghai the stock exchange was closed due to the celebration of the 70th anniversary of the People’s Republic of China. Trading will resume there Tuesday. Investors also had a day off in Hong Kong.

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Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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