Japan's defence stocks tumble on receding North Korea-related tensions

Hosoya Pyro-Engineering Co

09/03/2018 02:10

** Defence equipment maker Ishikawa Seisakusho  6208.T 
tumbles 11 pct to 2,132 yen, lowest since Sept 19
    ** Firearm maker  Howa Machinery  6203.T  dives 11 pct to
1,126 yen, lowest since Oct 5; health protection devices maker
Shigematsu Works  7980.T  sinks 8.8 pct to 811 yen, lowest since
Oct 3
    ** A South Korean envoy said U.S. President Donald Trump is
ready to meet North Korean leader Kim Jong Un by May in response
to Kim's invitation to hold the first-ever U.S.-North Korea
summit  urn:newsml:reuters.com:*:nL2N1QQ239
    ** Speculators chased such defence-related stocks higher
when North Korea launched missiles last year

 (Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net)