Japanese Market Significantly Lower
TOKYO (dpa-AFX) - The Japanese stock market is significantly lower after opening with steep losses on Wednesday, paring the gains of the previous session, with the benchmark Nikkei index falling below the 28,400 level, as traders remain spooked by the recent acceleration in the new wave of coronavirus cases, particularly in Olympic city Tokyo. The cues overnight from Wall Street were mixed.
Tokyo reported 593 fresh coronavirus infections on Tuesday. The Japanese government is potentially keeping the quasi-state of emergency covering the Tokyo in place during the Summer Olympics.
The benchmark Nikkei 225 Index is losing 261.98 points or 0.91 percent to 28,381.23, after hitting a low of 28,161.75 earlier. Japanese stocks closed marginally higher on Tuesday.