Asian Markets Mostly Lower Amid Cautious Trade
CANBERA (dpa-AFX) - Asian stock markets are trading mostly lower on Wednesday, following the mixed cues overnight from Wall Street, on sinking oil prices, a strong U.S. dollar and expected profit taking. Traders also remain somewhat concerned about the outlook for monetary policy and await Wednesday s release of the minutes from the Federal Reserve s June meeting. Asian markets closed mixed on Tuesday.
The Australian stock market is modestly higher on Wednesday, recouping most of the losses of the previous session, with the benchmark S&P/ASX 200 just above the 7,300 level, as gold miners and technology stocks provided the boost. However, traders remain concerned amid the worsening domestic coronavirus situation. The cues overnight from Wall Street were mixed.
Japanese Market Significantly Lower
TOKYO (dpa-AFX) - The Japanese stock market is significantly lower after opening with steep losses on Wednesday, paring the gains of the previous session, with the benchmark Nikkei index falling below the 28,400 level, as traders remain spooked by the recent acceleration in the new wave of coronavirus cases, particularly in Olympic city Tokyo. The cues overnight from Wall Street were mixed.
Tokyo reported 593 fresh coronavirus infections on Tuesday. The Japanese government is potentially keeping the quasi-state of emergency covering the Tokyo in place during the Summer Olympics.
The benchmark Nikkei 225 Index is losing 261.98 points or 0.91 percent to 28,381.23, after hitting a low of 28,161.75 earlier. Japanese stocks closed marginally higher on Tuesday.
Japanese Market Notably Higher
TOKYO (dpa-AFX) - The Japanese stock market is notably higher in choppy trading on Tuesday, recouping some to the losses of the previous session, with the benchmark Nikkei index above the 28,700 level, despite the absence of fresh cues from Wall Street, which was closed overnight for a holiday, as traders digested upbeat local data that showed household spending rising.
However, traders remained spooked after Tokyo reported 342 fresh coronavirus infections on Monday. There are also reports that the Japanese government is potentially keeping the quasi-state of emergency covering Tokyo in place during the Summer Olympics as infections continue to accelerate after the recent slight respite.
Japanese Market Significantly Lower
TOKYO (dpa-AFX) - Japanese stock market is significantly lower on Monday, giving up all the gains of the previous session, with the Nikkei 225 falling below the 29,700 level, ignoring the broadly positive cues from Wall Street on Friday on strong US Jobs data. Investors continue to be spooked after Tokyo confirmed 518 fresh coronavirus cases on Sunday.
There are also reports that the Japanese government is potentially keeping the quasi-state of emergency covering Tokyo in place during the Summer Olympics as infections continue to accelerate after the recent slight respite.
The benchmark Nikkei 225 Index is down 170.50 points or 0.59 percent to 28,612.78, after hitting a low of 28,581.08 earlier. Japanese shares ended modestly higher on Friday.
Asian Markets Mostly Higher
CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Friday, following the broadly positive cues overnight from Wall Street on prospects of a strong global economic recovery after data showed improvement in manufacturing and jobless claims in the US. However, the surge in the delta variant of the coronavirus cases and travel curbs in several countries are capping the gains. Asian markets ended mostly lower on Thursday.
Australian stock market is modestly higher on Friday, recouping some of the losses of the previous session, with the benchmark S&P/ASX 200 just below the 7,300 level, following the broadly positive cues overnight from Wall Street. Investors are also optimistic as restrictions were slightly eased following several outbreaks of the coronavirus Delta variant across the country.