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Nikkei falls on trade tensions, weak Chinese and U.S. data, and Japanese banks selloff

  • Japan’s Nikkei index fell today driven by weak U.S. data as well as weak Chinese macro data.
  • The index also fell due to trade tensions and the weak performance by major Japanese banks.

Japan’s Nikkei index fell 0.6% today as investors reacted to yesterday’s weak U.S retail sales data as well as the drop in U.S industrial production.

Investors were worried about the weak data from China and the U.S, which was amplified by the global trade tensions.

The poor performance by Japanese banks such as Mitsubishi UFJ Financial Group and Mizuho Financial Group also drove the index lower.