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Toyota, Honda beat profit estimates but warn of extended chip crunch
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TOKYO Japanese shares fell on Friday, dragged lower by technology firms, as the nation’s stricter curbs to contain COVID-19 increased concerns about its economic impact, with sentiment dented further by a weak finish overnight on Wall Street.
The Nikkei share average declined 0.60% to 29,012.48 by 0157 GMT, while the broader Topix fell 0.38% to 1,915.14.
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“Market sentiment has been weak due to concerns on slow economic recovery as Japan plans to introduce emergency measures while vaccine rollouts are slow,” said Masayuki Kubota, chief strategist at Rakuten Securities.
Japanese shares fall on pandemic concerns, Wall Street decline
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