CANBERA (dpa-AFX) - Asian stock markets are trading mostly lower on Wednesday, following the lack of cues overnight from Wall Street. Traders are refraining from making significant moves ahead
Asian Markets Mixed Amid Cautious Trade
CANBERA (dpa-AFX) - Asian stock markets are trading mixed on Thursday, following the positive cues overnight from Wall Street on continued economic optimism as the country continues to reopen following the coronavirus pandemic. Buying interest remained subdued as traders look ahead to Friday s closely watched inflation reading, which could directly affect the current levels of stimulus. Asian markets closed mixed on Wednesday.
Traders are also cautious and refraining from making major moves amid the continued surge in coronavirus cases in most markets in the region, particularly in India and Japan. The efforts to control the pandemic is also leading to restrictions and lockdowns is several areas in the region.
Japanese Market Notably Lower
TOKYO (dpa-AFX) - The Japanese stock market is notably lower in on Thursday, snapping the five-day winning streak, with the benchmark Nikkei 225 just below the 28,500 mark, despite the positive cues overnight from Wall Street. Traders remain concerned as the Japanese government mulls tougher measures to contain the still higher daily coronavirus infection rates caused by highly contagious variants of the virus, though the daily infection rates are steadily declining since it peaked ten days ago.
The benchmark Nikkei 225 Index is losing 178.34 points or 0.62 percent to 28,463.85, after hitting a low of 28,360.56 earlier. Japanese shares ended modestly higher on Wednesday.
Japanese shares end higher on Wall Street gains, slow growth concerns weigh Reuters 1 hr ago
TOKYO, May 25 (Reuters) - Japanese shares settled higher on Tuesday, as a strong finish on the Nasdaq overnight boosted heavyweight local technology stocks, although worries about a sluggish economic recovery because of a slow vaccine rollout capped gains.
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The Nikkei share average rose 0.67% to close at 28,553.98, while the broader Topix inched up 0.34% to 1,919.52. High-priced stocks have lifted the Japanese market after a strong gain in major U.S. indexes, said Norihiro Fujito, chief investment strategist, Mitsubishi UFJ Morgan Stanley Securities. But, fundamentally, the market is weighed down on concerns over Japan s slow response to the pandemic, which has caused a big gap between the economic sentiment in Japan against the U.S. and Europe. The pace of Japan s vaccine rollouts is still incomparable with these countries.
Japanese Market Modestly Higher
TOKYO (dpa-AFX) - The Japanese stock market is modestly higher on Tuesday, extending the gains of the previous three sessions, with the benchmark Nikkei index above the 28,500 level, following the broadly positive cues overnight from Wall Street.
However, the upside is capped as the government is mulling tougher measures to contain the daily coronavirus case rate amid the fourth wave of infections driven by more contagious variants. Tokyo will decide this weekend on extending the COVID-19 state of emergency into June as the Olympic countdown begins. The country opened mass vaccination centers just two months before the Olympics.