The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
Markets in Asia traded cautiously on Wednesday morning as trade tensions continued to linger between the U.S. and China.Asia Marketsread more
See which stocks are posting big moves after the bell on Tuesday, May 21.Market Insiderread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
* Double-whammy of weak U.S., China data bad for Japan stocks-analyst
* Japan Display tumbles on 9th straight quarterly loss
TOKYO, May 16 (Reuters) - Japan's Nikkei fell on Thursday as weak U.S. and Chinese economic data and Sino-U.S. trade frictions soured sentiment, while banks tumbled on weak earnings reports.
The Nikkei share average ended down 0.6% at 21,062.98 points
Adding to worries about the trade war which has already dragged down the Japanese market by 5.4% this month, the U.S. Commerce Department said on Wednesday it is putting China's Huawei Technologies Co Ltd and 70 affiliates on its so-called "Entity List."
On Wednesday, U.S. retail sales posted a surprise drop in April as consumers pulled back on their spending, according to the U.S. Commerce Department. A separate report from the Labor Department showed U.S. industrial production also unexpectedly dipped in April.
"Most investors expected that the U.S. economy would be strong, so it shocked the market, especially after weak China's economic data," said Hiroyuki Ueno, a senior strategist at Sumitomo Mitsui Trust Asset Management.
China reported surprisingly weaker growth in retail sales and industrial output for April on Wednesday, raising fresh questions about the health of its economy as the U.S. ramps up trade pressure.
"It sends a cautionary signal on the soundness of (China's) domestic economy, when external uncertainty has been elevated," economists at Bank Of America Merrill Lynch wrote in a research note.
"In addition to a modest hit to exports, negative spillovers to business confidence are likely in the near future. In the near term, policy makers will likely keep policy easing in place and be more accommodative until after a trade deal."
The broader Topix fell 0.4% to 1,537.55, with most cyclical sectors in the red. Domestic-demand sectors such as utility, construction and railway attracted buyers.
Exporters fell, with Fanuc sliding 1.3%, Murata Manufacturing shedding 5.2% and Advantest Corp tumbling 6.3%.
Mega banks were sold, with Mitsubishi UFJ Financial Group dropping 3.6%, after the bank reported an 11.8% fall in its net profit for the last fiscal year ended March 2019.
Mizuho Financial Group shed 1.5%, after its net profit tumbled 83% to 96.6 billion yen for the last fiscal year, though it forecast a net profit of 470 billion yen for this fiscal year, more than four-fold recovery on the year.
Japan Display declined 3.2% after it posted a ninth straight quarterly loss. Its net loss for the three months ended March was 98.6 billion yen, versus a 147 billion yen loss a year earlier. (Editing by Kim Coghill)