Asian Markets Mostly Higher Amid Cautious Trades
CANBERA (dpa-AFX) - Asian stock markets are mostly higher in cautious trading on Thursday, recouping some of the losses of the previous two sessions, following the positive cues overnight from Wall Street. The markets are also benefiting from some bargain hunting after two successive days of losses.
However, markets in the region continue to be tense and cautious amid the continuing surge in coronavirus cases in the region and possibility of coronavirus-related lockdowns in some markets, which is casting doubts about an early economic rebound from the pandemic. Asian markets closed sharply lower on Wednesday.
Japan share market finished session sharp higher on Thursday, 22 April 2021, as investors chased for bargain hunting after sharp losses during the previous two sessions and following the positive cues overnight from Wall Street. However, concerns over Japan s plan to reintroduce coronavirus-related lockdown in major cities amid the continuing surge in coronavirus cases limiting the markets upside.
At closing bell, the 225-issue Nikkei Stock Average surged 679.62 points, or 2.38%, to 29,188.17. The broader Topix index of all First Section issues on the Tokyo Stock Exchange spurted 32.32 points, or 1.82%, to 1,922.50.
Total 31 sub-indexes of the 33 sector sub-indexes on the Tokyo exchange traded higher, with Marine Transportation, Iron & Steel, Electric Appliances, Machinery, Precision Instruments, Pharmaceutical, and Chemicals issues being notable gainers.
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By Reuters Staff
2 Min Read
TOKYO, April 20 (Reuters) - Japanese shares fell sharply on Tuesday, weighed down by worries that possible reintroduction of COVID-19 emergency measures in the country’s biggest cities would slow the economic recovery.
Selling was seen across almost all sectors, with only one of the Tokyo Stock Exchange’s 33 industry sub-indexes trading higher and just a more than dozen stocks up on the benchmark Nikkei share average.
The Nikkei fell 1.80% to 29,151.00 by 0141 GMT in its worst intraday drop in almost four weeks, while the broader Topix dropped 1.28% to 1,931.41 in its biggest slide in two weeks.
“It’s just like the decline is bringing another sell-off today,” said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
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