Japan Stocks Drop After Wild Ride as Trade Spat Rattles Market
- Topix ends 0.4% lower after falling by as much as 2.9%
- Panicky selling ceased after China’s yuan move, MUFJ-MS says
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Japanese stocks declined for a third day, as the latest developments in the U.S.-China trade war caused large swings in markets Tuesday.
The Topix index ended the day 0.4% lower after falling by as much as 2.9% in the morning session. The telecommunications and electronics groups were the biggest drags on the benchmark gauge, which trimmed its 2019 gain to 0.3%.