Japanese Market Modestly Higher
TOKYO (dpa-AFX) - The Japanese stock market is modestly higher on Friday, snapping four straight sessions of losses, with the benchmark Nikkei 225 above the 28,800 level, following the broadly positive cues overnight from Wall Street. Traders are upbeat following the prospects of a strong global economic recovery after data showed improvement in manufacturing and jobless claims in the US.
However, the signs of a resurgence in the spread of the highly infectious Delta variant of COVID-19 and the news of another impending State of Emergency in Tokyo and other major areas are capping the gains.
The benchmark Nikkei 225 Index is gaining 96.65 points or 0.34 percent to 28,803.69, after touching a high of 28,849.32 earlier. Japanese shares closed modestly lower on Thursday.
Japanese Market Modestly Lower
TOKYO (dpa-AFX) - The Japanese stock market is modestly lower on Thursday, extending the losses of the previous three sessions, with the benchmark Nikkei 225 just below the 28,700 level, following the mixed cues overnight from Wall Street. Traders remain cautious amid the signs of a resurgence of the highly infectious Delta variant of COVID-19 and the news of another impending State of Emergency in Tokyo and other major areas.
The benchmark Nikkei 225 Index is losing 110.72 points or 0.38 percent to 28,680.81, after hitting a low of 28,644.74 and a high of 28,833.17 earlier. Japanese shares ended slightly lower on Wednesday.
Market heavyweight SoftBank Group is losing more than 1 percent, while Uniqlo operator Fast Retailing is edging up 0.2 percent. Among automakers, Toyota is losing almost 1 percent and Honda is flat.
Asian Markets Display Mixed Trend Amid Virus Concerns
CANBERA (dpa-AFX) - Asian stock markets are trading mixed on Thursday, following the mixed cues overnight from Wall Street as the surge in infections due to the delta variant of the coronavirus, and curbs on travel in several countries raised some uncertainty about the pace of global economic rebound and rendered the mood cautious. Asian markets closed mixed on Wednesday.
It is also feared that more countries will likely impose stricter restrictions on movements if the spread of the virus does not show signs of slowing down sometime soon. Investors seemed wary of creating fresh positions, despite recent reassurances from the Federal Reserve that they will continue with their accommodative monetary policies.
Japanese Market Slightly Lower, Paring Early Gains
TOKYO (dpa-AFX) - The Japanese stock market is slightly lower after giving up the strong early gains on Wednesday, extending the losses of the previous two sessions, with the benchmark Nikkei index falling below the 28,800 level, as traders are digesting weak local industrial production data, the first drop since February. The cues overnight from Wall Street were broadly positive.
The news of another impending State of Emergency in Tokyo and other areas due to signs of resurgence in COVID-19 infections is also bringing down the market.
The benchmark Nikkei 225 Index is gaining 31.73 points or 0.11 percent to 28,844.34, after touching a high of 28,998.99 earlier. Japanese stocks closed significantly lower on Tuesday.
Asian Markets Mostly Higher
CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues overnight from Wall Street as the Nasdaq and the S&P 500 hit fresh closing highs. However, concerns about the spread of the highly contagious Covid-19 delta variant in Europe and Asia, and the resultant lockdowns and fresh restrictions on travel in several countries are weighing on market sentiment. Asian markets closed mostly lower on Tuesday.
The Australian stock market is significantly higher on Wednesday, recouping the slight losses of the previous session, with the benchmark S&P/ASX 200 shooting above the 7,300 level, following the broadly positive cues overnight from Wall Street. However, investors remained cautious as they braced for further updates amid a worsening domestic coronavirus situation.