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Asian Shares Slide On China Tech Worries
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Japan Nikkei falls 2-weeks low on COVID-19 state of emergency woes
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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.
Japanese Market Significantly Lower
TOKYO (dpa-AFX) - The Japanese stock market is significantly lower on Tuesday, extending the slight losses of the previous session, with the benchmark Nikkei index below the 28,800 level, as traders digested local data that showed unemployment rate increased. The news on another impending state of emergency in Tokyo and other areas due to signs of a resurgence in COVID-19 infections is also dampening sentiment. The cues from Wall Street overnight were mixed.
The benchmark Nikkei 225 Index is losing 271.47 points or 0.93 percent to 28,776.55, after hitting a low of 28,735.81 earlier. Japanese shares closed slightly lower on Monday.
Market heavyweight SoftBank Group is losing more than2 percent and Uniqlo operator Fast Retailing is down 1 percent. Among automakers, Honda is losing more than 2 percent, Toyota is down almost 2 percent and Nissan Motor is declining more than 2 percent.
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