Nikkei falls on weak U.S. stocks; Toshiba soars after announcing new board
* Toshiba jumps on short-covering
* China economy and Fed policy dominate investors' minds - analyst
* Market focused on foreign visitors data for July due out at 0500 GMT
By Ayai Tomisawa
TOKYO, Aug 19 (Reuters) - Japanese stocks fell on Wednesday morning after Wall Street retreated on earnings woes and China concerns, while Toshiba Corp jumped after announcing a new board to improve corporate governance.
Toshiba soared as much as 7.3 percent and was the third most traded stock by turnover. Traders said that investors believe the worst is over for the company after it proposed a new board dominated by outsiders, which it hopes will help to reform the conglomerate after a $1.2 billion accounting scandal.
In midmorning trade, the Nikkei share average shed 0.5 percent to 20,446.09.
U.S. stocks dropped overnight partly on a decline in commodity stocks on concerns about China's economy.
"Investors care about these two things - China's economy and the timing of a U.S. rate hike. These two concerns dominate their minds now," said Masaru Hamasaki, head of market & investment information department at Amundi Japan. Continuación...