Japan Nikkei extends losses on yen firmness, potential auto tariff concerns

Japan share market finished session down on Thursday, 24 May 2018, as risk aversion selloff triggered by appreciation of Japanese yen against greenback amid growing worries about a global trade war and rekindled geopolitical risks. Among TSE33 issues, transportation equipment, marine transportation and nonferrous metal-linked issues comprised those that declined the most by the close of play. The benchmark 225-issue Nikkei average plunged 252.73 points, or 1.11%, to 22,437.01, the lowest level since May 9. The Topix index of all first-section issues ended down 21.66 points, or 1.21%, at 1,775.65.

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