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Philippine Peso Slumps With Baht as Virus Woes Fan Easing Bets

Philippine Peso Slumps With Baht as Virus Woes Fan Easing Bets
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Japan s post-Olympics stock bounce depends on controlling COVID-19

Aug 4, 2021 The shadow of the Olympics has hung over Japan’s range-bound stock market for months, with some fearing COVID-19 disaster while others hoping that medal wins would help the country mentally move past the pandemic. With less than a week of the games to go, chances are looking good the Olympics themselves will be considered an achievement. COVID-related disruptions have been minimal, while Japan’s athletes have already taken home a record haul of gold medals. However, the market outlook is mixed, with analysts divided over whether Japanese equities which usually get a boost from a rich medal haul will rally in the months ahead as vaccinations proceed apace. The alternative is that a growing wave of COVID-19 cases and public disillusionment over the handling of the pandemic lead to political instability, worsening the underperformance of Japan’s stock benchmarks.

Post-Olympics stock bounce in Japan depends on beating outbreak

Post-Olympics stock bounce in Japan depends on beating outbreak 3 min. today at 09:43 The Nikkei 225 is up just 0.5% for the year, among the worst-performing developed-market benchmarks tracked by Bloomberg The Nikkei 225 is up just 0.5% for the year, among the worst-performing developed-market benchmarks tracked by Bloomberg The shadow of the Olympics has hung over Japan’s range-bound stock market for months, with some fearing Covid disaster while others have hoped medal wins would help the country mentally move past the pandemic. With less than a week of the games to go, chances are looking good the Olympics themselves will be considered an achievement. Covid-related disruptions have been minimal, while Japan’s athletes have already taken home a record haul of 20 gold medals.

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