Japan Market ends flat; yen appreciation hurts exporters

Japan share market finished session virtually flat on Monday, 07 May 2018, as investors stayed on the sidelines due to the yen's rise against the U.S. dollar. TSE33 sectors closed mixed, with decliners were led by precision instrument, securities and insurance issues. Investors remain on edge on concerns about the China-US trade spat after high-level talks in Beijing last week ended with no agreement between the two sides. Traders are also nervously awaiting Trump's decision on whether or not to continue with the Iran nuclear deal, which he has in the past derided. The president has said he will decide by May 12, with many fearing he will pull out of the 2015 deal and spark fresh turmoil in the already tinderbox Middle East. The benchmark Nikkei 225 index edged down 0.03% or 5.62 points to 22,467.16 but the broader Topix index was up 0.09% or 1.66 points at 1,773.18. Japan market closed on Thursday and Friday for Constitution Memorial Day.

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