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Japan’s Nikkei share average fell on Tuesday morning, led by technology firms and makers of electronic components after US tech stocks tumbled overnight on resurgent trade war fears.
The Nikkei dropped 1.0 per cent to 21,171.60 in midmorning trade. Semiconductor equipment makers Tokyo Electron and Advantest tumbled 1.9 per cent and 3.2 per cent, respectively. Yaskawa Electric dropped 1.7 per cent and TDK Corp stumbled 3.0 per cent.
Exporters were pressured by the dollar at 105.91 yen, and struggling to regain traction after having fallen for three straight trading days. Nintendo Co stumbled 2.8 per cent, Nikon Corp dropped 2.1 per cent and Fanuc Corp stumbled 2.8 per cent.
But Oriental Land, operator of Tokyo Disney Resort, rose more than 2 per cent after it said that the number of visitors to Tokyo Disneyland and Tokyo DisneySea increased for the first time in three years in the fiscal year ended March. The broader Topix dropped 0.5 per cent to 1,700.80.
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