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Japan s Nikkei hits 6-month low on economic slowdown worries Reuters 11 hrs ago
TOKYO, July 20 (Reuters) - Japan s Nikkei share average plumbed a six-month low on Tuesday, following a broad sell-off on Wall Street as concerns grew that rising coronavirus cases globally could derail a nascent economic recovery.
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The Nikkei share average was down 0.41% to 27,537.96 by 0210 GMT, after hitting its lowest since Jan. 7. The broader Topix fell 0.5% to 1,897.63.
Overnight, all three major U.S. stock indexes ended sharply lower, with the S&P and the Nasdaq posting their biggest one-day percentage drop since mid-May, as investors feared renewed COVID-19 shutdowns and a protracted economic recovery.
Japanese Market Modestly Lower
TOKYO (dpa-AFX) - The Japanese stock market is modestly lower after dipping sharply in early deals on Tuesday, extending the losses of the previous four sessions, with the benchmark Nikkei index above the 27,500 level, following the broadly negative cues from Wall Street overnight, as a surge in the coronavirus s delta variant infections sparked a broad sell-off and renewed virus fears gripped markets ahead of the Tokyo Olympics.
The market clawed back after an early drop following local data that showed Japan s consumer prices rose by 0.2 percent year-over-year in June, the first increase since August 2020.
The benchmark Nikkei 225 Index is losing 133.69 points or 0.48 percent to 27,519.05, after hitting a low of 27,330.15 earlier. Japanese shares closed sharply lower on Monday.