Japan's Nikkei falls on fears of global slowdown
The Nikkei average fell on Monday as investors worried about rising risks from a global slowdown and domestic growth as a result of the long-term tariff war between the United States and several of its major trading partners.
Heavyweight Softbank fell 6.2 percent after the Wall Street Journal reported that the Bank's efforts to raise funds for a second large fund were met with surprise by some of the world's top fund managers.
The Nikkei <.N225> was down 0.9 percent at 2,410.88, its lowest level since Feb. 9. The index fell 1.4 percent at 20305.74, the lowest level in four and a half months.
In addition, the modest "Yen" gains have hurt export companies already under pressure from global trade disputes. The dollar was down 0.1 percent at 108.19 yen, after hitting Asian session's lowest level since January 14 at 108.10 yen in Asian trading. Vanuque Corp lost 3.3%, Yascoa Electric fell 1.8%, Tokyo Electron fell 2.1%, Komatsu fell 1.8%, and the broader TOPIX index shed 0.9% to 1,498.96 points.
Nikkei
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