Topix Slides After Quake Rattles Osaka and Trade Tension Lingers
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Japanese stocks slid as the yen rose after a strong earthquake struck Osaka and woes lingered over a trade spat between the U.S. and China.
Electronics makers and machinery companies weighed most heavily on the benchmark Topix gauge. Several companies including Kubota Corp. reported a temporary operations halt at their Osaka facilities after the temblor with a 6.1 magnitude hit the city at 7:58 a.m. local time. JXTG Holdings, which said it stopped its Osaka refinery, fell more than 4 percent. Sumitomo Osaka Cement Co. rose more than 3 percent.