Nikkei slips from 2-yr highs as tech shares fall; North Korea concerns weigh

Indian stock market

 

The Nikkei ended 0.3 percent lower at 20,330.19, moving away from a two-year high of 20,481.27 hit last week. The broader Topix was flat at 1,672.74.

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Japan’s Nikkei average edged lower on Tuesday as tech shares and Apple suppliers declined, tracking their US counterparts overnight, while concerns over North Korea sapped risk appetite.

The Nikkei ended 0.3 percent lower at 20,330.19, moving away from a two-year high of 20,481.27 hit last week. The broader Topix was flat at 1,672.74.

The escalating war of words between North Korea and the United States lifted investor appetite for the perceived safe-haven yen. The Dollar was at 111.63 yen after coming off a high of 112.530 the previous day. North Korea’s foreign minister said US President Donald Trump had declared war on the country and it reserved the right to take countermeasures, including shooting down US bombers even if they are not in its airspace.

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