Total 14 sectors out of 33 of the sectors of Topix index inclined, with Real Estate, Mining, Electric Power & Gas, Information & Communication, and Chemicals issues being notable gainers, while Iron & Steel, Machinery, Precision Instruments, Metal Products, and Rubber Products issues were notable losers.
On Tuesday, China announced measures aimed at raising consumption, including a potential removal of restrictions on car purchases. A trade dispute between the United States and China is now in its second year and is placing increasing strain on the global economy, forcing policy makers to respond with interest rate cuts and stimulus measures to bolster growth.
Trump's flip-flops on trade have left investors second-guessing the next moves as optimism of a resolution become more remote. The U.S. president's apparent de-escalation of trade tensions at the Group-of-Seven meetings had helped ease investor nerves somewhat before Beijing questioned some of those comments. Investors are also focused on latest round of tariffs from both sides are due to be staggered from Sept. 1. The first stage of US tariffs on $300 billion worth of Chinese goods is scheduled to go into effect. In response, China has unveiled tariffs on US products set to go into effect the same day.
Japan will officially remove South Korea from a list of preferred trading partners on Wednesday, as the two countries remain locked in a diplomatic spat.
CURRENCY NEWS: The U.S. dollar changed hands in the upper 105 yen zone in Tokyo on Wednesday. The Japanese yen traded at 105.83 against the dollar after touching highs around 105.6 yesterday,
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