Investing.com - Financial Markets Worldwide
Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Japanese stocks fall on worries over fresh coronavirus cases

Published 06/18/2020, 11:39 AM
Updated 06/18/2020, 11:40 AM
© Reuters.
USD/JPY
-
US500
-
JP225
-
SPY
-
TOPX
-
6472
-
7974
-
9684
-
IAIRL.T
-
IMING.T
-
IRLTY.T
-

TOKYO, June 18 (Reuters) - Japanese stocks fell on Thursday,
as a spike in coronavirus infections across the United States
and China raised doubts about a swift recovery in the global
economy.
The benchmark Nikkei average .N225 fell 1.01% to 22,229.02
by the midday break, with only 22 advancers against 200
decliners.
Six states across the United States reported record
increases in new coronavirus cases on Tuesday, while authorities
in Beijing ramped up mobility restrictions to contain the virus.
That also resulted in the benchmark S&P index .SPX falling
0.3% on Wednesday.
The broader Topix .TOPX lost 0.77% to 1,587.09 by the
recess, with 30 of the 33 sector sub-indexes on the Tokyo
exchange posting declines.
The yen also firmed against the dollar, with the dollar
trading at 106.83 yen JPY= , down 0.17% during the session,
hurting the earnings outlook for exporters.
Highly cyclical real estate, mining and airline shares led
declines on the main bourse.
The real estate sector .IRLTY.T tumbled 2.67%, mining
stocks .IMING.T dropped 2.41% and airlines .IAIRL.T fell
1.95%.
Machinery manufacturer NTN Corp 6472.T slipped 6.30% after
the company forecast a net loss to 43.9 billion yen for the year
ending in March.
A bright spot were gaming companies Nintendo 7974.T , which
rose 2.7% to hit its highest level in 12 years, and Square Enix
Holdings 9684.T , which advanced 3.76%, as they benefit from
strong demand as people stay home during the coronavirus
outbreak.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.