Japanese Market Significantly Lower
TOKYO (dpa-AFX) - The Japanese stock market is significantly lower after opening with steep losses on Wednesday, paring the gains of the previous session, with the benchmark Nikkei index falling below the 28,400 level, as traders remain spooked by the recent acceleration in the new wave of coronavirus cases, particularly in Olympic city Tokyo. The cues overnight from Wall Street were mixed.
Tokyo reported 593 fresh coronavirus infections on Tuesday. The Japanese government is potentially keeping the quasi-state of emergency covering the Tokyo in place during the Summer Olympics.
The benchmark Nikkei 225 Index is losing 261.98 points or 0.91 percent to 28,381.23, after hitting a low of 28,161.75 earlier. Japanese stocks closed marginally higher on Tuesday.
Japanese Market Notably Higher
TOKYO (dpa-AFX) - The Japanese stock market is notably higher in choppy trading on Tuesday, recouping some to the losses of the previous session, with the benchmark Nikkei index above the 28,700 level, despite the absence of fresh cues from Wall Street, which was closed overnight for a holiday, as traders digested upbeat local data that showed household spending rising.
However, traders remained spooked after Tokyo reported 342 fresh coronavirus infections on Monday. There are also reports that the Japanese government is potentially keeping the quasi-state of emergency covering Tokyo in place during the Summer Olympics as infections continue to accelerate after the recent slight respite.
Japanese Market Significantly Lower
TOKYO (dpa-AFX) - Japanese stock market is significantly lower on Monday, giving up all the gains of the previous session, with the Nikkei 225 falling below the 29,700 level, ignoring the broadly positive cues from Wall Street on Friday on strong US Jobs data. Investors continue to be spooked after Tokyo confirmed 518 fresh coronavirus cases on Sunday.
There are also reports that the Japanese government is potentially keeping the quasi-state of emergency covering Tokyo in place during the Summer Olympics as infections continue to accelerate after the recent slight respite.
The benchmark Nikkei 225 Index is down 170.50 points or 0.59 percent to 28,612.78, after hitting a low of 28,581.08 earlier. Japanese shares ended modestly higher on Friday.
Asian Markets Treading Higher
CANBERA (dpa-AFX) - Asian stock markets are trading higher on Friday, following the broadly positive cues overnight from Wall Street after US President Joe Biden accepted a bipartisan Senate deal to spend US$579 billion on infrastructure projects that renewed buying interest amid optimism for economic recovery. Asian markets ended mostly higher on Thursday.
Australian stock market is marginally higher on Friday, recouping the losses of the previous session, with the benchmark S&P/ASX 200 breaking above the 7,300 level, following the broadly positive cues overnight from Wall Street. Strong gains in mining and financial stocks offset weakness in technology and energy stocks.
TOKYO (dpa-AFX) - The Japanese stock market is modestly higher on Friday, extending the slight gains in the previous session, with the benchmark Nikkei 225 breaking back above the 29,000 mark,