The country s worsening coronavirus infections hit shares of travel-related sectors anew, while falling support for Prime Minister Yoshihide Suga raised more concerns about political stability ahead of an election expected later this year.
Japan s Nikkei ends higher on economic rebound hopes; Eisai drags Topix reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Japan's Nikkei index closed higher on Thursday, as shipping firms rose on prospects of more economic reopenings and drugmakers were boosted by reports of government support.
By Reuters Staff
3 Min Read
TOKYO, June 10 (Reuters) - Japanese shares inched higher on Thursday, as the service sector gained on prospects of economic reopenings and drugmakers rose on reports of government support, though Eisai eased after a big jump following U.S. approval of its Alzheimer’s disease drug.
Nikkei share average rose 0.42% to 28,982.70 while the broader Topix added 0.18% to 1,960.60.
Hopes of economic reopenings amid a steady vaccine rollout underpinned real-estate companies, railway operators and airline companies, though some of them started to lose momentum after a steady rally so far this month.
Japan plans to finish vaccinating all citizens who have applied for shots by October-November, Prime Minister Yoshihide Suga said during a debate between party leaders on Wednesday.