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Japanese Market Extends Losses

(RTTNews) - The Japanese stock market is extending losses on Wednesday from the previous session and the safe-haven yen strengthened following the lackluster cues overnight from Wall Street after U.S. President Donald Trump threatened higher tariffs on Chinese goods if a trade deal is not reached.

Investors also digested data that showed Japan's merchandise trade surplus for October missed expectations.

The benchmark Nikkei 225 Index is losing 158.24 points or 0.68 percent to 23,134.41, after falling to a low of 23,095.36 earlier. Japanese shares closed lower on Tuesday.

Market heavyweight SoftBank Group is down 0.2 percent and Fast Retailing is declining almost 1 percent.

The major exporters are lower on a stronger yen. Sony is losing 0.6 percent, Canon is lower by 0.5 percent, Mitsubishi Electric is declining 0.3 percent and Panasonic is edging down 0.1 percent.
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