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Asia Markets: Nikkei leads Asian-market losses as investors’ geopolitical worries grow

Japan’s Nikkei slumped more than 1% in early trading Wednesday, as Asian stock markets pulled back following new uncertainty about trade tensions between the U.S. and China and the possibility that the summit between President Donald Trump and North Korean leader Kim Jong Un may be delayed.

The Nikkei NIK, -1.18% fell to its lowest point since May 11 in midmorning trading as the yen rose. The yen is seen as a safe haven for investors during times of stock tumult. The dollar JPYUSD, +0.453821% slid below ¥110.50 after trading above ¥111 in New York late Tuesday.

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