Asian Markets Mostly Lower finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Japanese Market Notably Lower
TOKYO (dpa-AFX) - The Japanese stock market is notably lower on Wednesday, snapping a winning streak of three sessions, with the benchmark Nikkei index just below the 27,700 level, following the broadly negative cues overnight from Wall Street. Traders are also concerned about the reports that the IMF cut this year s economic growth forecast for Japan and the country s continuing struggle to contain the spread of the new wave of coronavirus cases.
The benchmark Nikkei 225 Index is losing 310.79 points or 1.11 percent to 27,659.43, after hitting a low of 27,574.98 earlier. Japanese stocks closed modestly higher on Tuesday.
Market heavyweight SoftBank Group is losing more than 3 percent and Uniqlo operator Fast Retailing is down more than 1 percent. Among automakers, Honda is edging up 0.5 percent, while Toyota is edging down 0.3 percent.
Jul 21, 2021
Tokyo’s delayed Olympics is flipping conventional wisdom on its head, with Japan’s stay-at-home stocks expected to emerge as winners rather than once-favored advertisers, real-estate firms and travel operators.
Thanks to the resurgent pandemic, shares in the likes of fried-chicken chains, food-delivery operators and electronics stores selling TVs are seen as more likely to get a boost from the Games, according to analysts. Purchases of food and TVs will be expected to increase, as people seek to make the Olympics more fulfilling,” Naoya Kumagai, a strategist from Okasan Securities, wrote in a recent report. Even though the Games will be held in an irregular fashion, it can still provide a tailwind for many companies.”
Here are the stocks set to win and lose from a no-spectator Olympics moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
Japanese Market Significantly Lower
TOKYO (dpa-AFX) - The Japanese stock market is significantly lower on Thursday, extending the losses of the previous session, with the benchmark Nikkei 225 just below the 28,400 level, following the lack of cues overnight from Wall Street, as traders remain cautious amid the continued acceleration in the new wave of coronavirus cases, particularly in Olympic city Tokyo.
The benchmark Nikkei 225 Index is losing 248.11 points or 0.87 percent to 28,360.38, after hitting a low of 28,346.20 earlier. Japanese shares ended modestly lower on Wednesday.
Market heavyweight SoftBank Group is losing almost 1 percent and Uniqlo operator Fast Retailing is down more than 1 percent. Among automakers, Toyota is edging down 0.3 percent and Honda is losing more than 1 percent.