Nikkei Down 1.5%, Dragged by Tech, Heavy-Machinery Stocks
Japanese stocks are lower in early trade as concerns about borrowing costs and U.S. tariffs persist. Tech and heavy-machinery stocks are leading the declines.
SoftBank Group is down 4.8% and Mitsubishi Heavy Industries is 4.4% lower.
Meanwhile, Mitsubishi Corp. is up 7.7% and Itochu Corp. is 5.9% higher after Warren Buffett said Berkshire Hathaway's stakes in Japanese trading houses will likely increase somewhat over time. USD/JPY is at 150.08, down from 150.51 as of Friday's Tokyo stock market close. Japanese markets were closed on Monday for a national holiday.
Investors are closely watching any developments in U.S. trade and foreign policies. The Nikkei Stock Average is down 1.5% at 38194.39.
Source: Marketwatch