These are the stocks posting the largest moves before the bell.Market Insiderread more
Qualcomm suppressed competition in the market for cellphone chips and used its position to impose excessive licensing fees, a U.S. judged ruled.Technologyread more
Morgan Stanley caused a stir with its "bear case" scenario of $10. Now, Citi is getting in on the act.Investingread more
Treasury Secretary Steven Mnuchin is scheduled to testify before the House Financial Services Committee on Wednesday about the international financial system.Politicsread more
Target's e-commerce sales also surged 42%, as shoppers increasingly turned to its curbside pickup service for online orders, something Amazon can't offer.Retailread more
Stock markets are slowly healing from the worst of the month's trade war sell-off, and one under-the-surface indicator suggests the S&P 500 might completely recover before...Trading Nationread more
Treasury Secretary Steven Mnuchin said nothing is scheduled yet for the U.S. to go to Beijing for the next round of trade talks.Marketsread more
Homeowners are taking advantage of lower interest rates, rushing to refinance their mortgages before rates potentially turn higher again.Real Estateread more
The U.S. Justice Department's Antitrust Division staff has recommended the agency sue to block T-Mobile US's $26 billion acquisition of smaller rival Sprint, according to two...Technologyread more
Here are the biggest calls on Wall Street on WednesdayInvestingread more
Lowe's shares plummeted 8% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the year, as higher costs weighed on...Retailread more
* Nikkei loses 0.59%, Topix sheds 0.4%
* China-related stocks volatile as short-sellers cover positions
TOKYO, May 14 (Reuters) - Japan's Nikkei stooped to a three-month low on Tuesday, as investor sentiment took a further hit after China defied Washington by announcing retaliatory tariffs, dragging most sectors into negative territory.
China said it would impose higher tariffs on $60 billion in U.S. goods despite President Donald Trump's warnings not to retaliate against additional tariffs on Chinese imports announced by the White House on Friday.
The Nikkei share average ended the day down 0.59% at 21,067.23 after falling to as low as 20,751.45, the lowest since mid-February.
"Investors are concerned how much damage the trade war will cause on Japan's real economy and financial market," said Shusuke Yamada, vice president and chief Japan FX strategist at Bank of America Merrill Lynch.
Automakers came under pressure. Mazda Motor slid 2% and Subaru Corp fell 2.3%.
Nissan Motor Co fell 2.95% after the Nikkei business daily reported that the automaker will likely experience its fourth straight year of decreasing profits in the financial year through March 2020.
But traders added that with signs of the market being oversold, some short-term investors were covering earlier shorts.
Komatsu Ltd, with a large exposure to China, ended up 0.55% after slumping 4% earlier. Fanuc Corp was up 0.1% after dropping 2.9% and Yaskawa Electric rose nearly 1% after sliding 4.5%.
Large telecommunication companies, considered defensive shares, gained amid the drop in the broader market. Nippon Telegraph and Telephone Corp rose 1.9% and KDDI Corp climbed 2.4%.
The broader Topix shed 0.4% to 1,534.98, after falling to a more than four-month low of 1,508.85.
Small cap markets also lost ground, with the Mothers index sliding 1.96% and the Jasdaq market shedding 0.59%. (Additional reporting by Shinichi Saoshiro; Editing by Sam Holmes)