TOKYO (dpa-AFX) - The Japanese stock market is sharply higher on Friday, staging a strong comeback after suffering losses in the previous three sessions, with the benchmark Nikkei 225 just below
Asian Markets Mixed Amid Cautious Trades
CANBERA (dpa-AFX) - Asian stock markets are mixed on Friday, following the broadly negative cues overnight from Wall Street on reports President Joe Biden plans to almost double the capital gains tax for wealthy individuals to fund spending on childcare and education. The mood is quite cautious in most of the markets in the region amid the continuing surge in coronavirus in the region and the possibility of lockdowns in certain places. Asian markets ended mostly higher on Thursday.
Australian stock market is slightly lower in choppy trading on Friday, with the benchmark S&P/ASX 200 staying above the 7,000 mark near 14-month highs, as gold miners, energy and banking stocks are weighing down the market. The cues overnight from Wall Street was also negative on reports President Joe Biden plans to almost double the capital gains tax.
Japanese Market Significantly Lower
TOKYO (dpa-AFX) - The Japanese stock market is significantly lower on Friday, recouping some of the losses from early deals, with the benchmark Nikkei 225 above the 29,000 mark, following broadly negative cues overnight from Wall Street on reports US President Joe Biden plans to almost double the capital gains tax. Continuing concerns about the spike in daily domestic coronavirus infections and the possibility of lockdowns are also weighing on the market.
According to media reports, Japan reported a nationwide tally of more than 5,000 new cases for a second consecutive day on Thursday as the highly contagious variants drive a fourth wave of infections. The Japanese government is set to declare a state of emergency in Tokyo and the 3 western Japan prefectures of Osaka, Kyoto and Hyogo on Friday.
Nikkei rises as glass firms, department stores gain on upbeat earnings Reuters 4 days ago
TOKYO, April 13 (Reuters) - Japanese shares rose on Tuesday, led by gains in stocks of glass product companies and department store operators after their robust earnings, though concerns about rising domestic COVID-19 cases undermined travel-related shares.
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Nikkei share average rose 1.0% to 29,840.04, holding above key support levels from its 25-day, and 50-day moving average, at 29,507 and 29,442.
The broader Topix gained 0.54% to 1,965.08, but it moved in a tight range it has hugged over the past several sessions.
AGC rose 3.6%, briefly hitting a 10-year high, after the glass product maker revised up its earnings outlook and dividend forecasts.