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Roundup: Tokyo stocks finish higher after Dow index hits record highs
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Roundup: Tokyo stocks finish higher after Dow index hits record highs
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Japanese Market Notably Higher
TOKYO (dpa-AFX) - The Japanese stock market is notably higher on Wednesday, snapping a losing streak of five sessions, with the benchmark Nikkei index just below the 27,600 level, following the broadly positive cues overnight from Wall Street. Traders are indulging in bargain hunting following the recent losses, even as they remain concerned amid the recent acceleration in the new wave of coronavirus cases, particularly in Olympic city Tokyo.
Japanese markets will be closed on Thursday and Friday for public holidays, with the Tokyo 2020 opening ceremony on Friday.
The benchmark Nikkei 225 Index is gaining 210.48 points or 0.77 percent to 27,598.64, after hitting a low of 27,882.43 earlier. Japanese stocks closed significantly lower on Tuesday.
Asian Markets Display Mixed Trend
CANBERA (dpa-AFX) - Asian stock markets are trading mixed on Wednesday, following the broadly positive cues overnight from Wall Street, as traders picked up stocks at reduced levels after the recent steep drop, even amid concerns about the recent acceleration in the spread of the highly contagious coronavirus delta variant in several parts of the world. The rising tension between China and the West is also denting sentiment. Asian Markets closed mostly lower on Tuesday.
The Australian stock market is sharply higher on Wednesday, recouping some of the losses of the previous two sessions, with the benchmark S&P/ASX 200 breaking above the 7,300 level, following the broadly positive cues overnight from Wall Street. Traders are optimistic about domestic economic recovery after the minutes of the RBA s July policy meeting showed that the economic recovery in Australia has been stronger than earlier expected and is forecast to continue.
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.
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