Stock price drop Concern about US-China confrontation over exchange rate August 7th 12:05
In the Tokyo stock market on the 7th, stock prices have fallen due to concerns over deepening conflict between the United States and China over exchange rates.
The Nikkei Stock Average, the closing price in the morning was 24.17.56 yen, which was 167.75 yen lower than the closing price on the 6th, the TSE Stock Price = Topics fell by 1.29 to 1149.94, and the trading volume in the morning was 62.77 million shares.
A market official said, “China has published a standard value that is used as a guideline for currency / renminbi and dollar transactions, but there are situations where it is traded at a level lower than the standard value. There is a view that the confrontation with China is deepening, and sales orders are increasing. "