AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)

TOKYO: Tokyo stocks opened lower on Thursday, despite more conciliatory messages from Washington on trade as investors remained worried about how the US-China row will develop.

The benchmark Nikkei 225 index fell 0.48 percent or 101.38 points to 21,087.18 in early trade while the broader Topix index was down 0.34 percent or 5.29 points at 1,538.86.

The United States softened its stance on auto imports on Wednesday but investors remained focussed on the US-China trade war and the health of the world's two biggest economies, analysts said.

"Caution on how the trade war will develop remains strong," said Makoto Sengoku, market analyst at Tokai Tokyo Research Center.

"Selling also hit companies that announced slack earnings, dealing a double whammy to the market," he told AFP.

Industry sources in the United States said President Donald Trump planned to hold off on imposing steep tariffs on imported autos while Washington pursues agreements with key trading partners.

Trump has threatened to impose 25-percent punitive duties on autos -- a possibility that has worried the European Union and Japan in particular, as well as Mexico and Canada.

But Japanese automakers nevertheless fell in trading on Thursday, with Toyota losing 0.91 percent to 6,510 yen.

US economic data released Wednesday were negative but also could facilitate a deal with China, Sengoku added.

The dollar slipped to 109.44 yen from 109.58 yen in New York Wednesday afternoon.

Major Japanese banks fell after they announced annual profit drops. Mitsubishi UFJ Financial tumbled 2.75 percent to 499.1 yen and Mizuho fell 1.09 percent to 162.6 yen.

Copyright AFP (Agence France-Press), 2019

Comments

Comments are closed.