TOKYO, April 23 (Reuters) - Japanese shares fell on Friday,
dragged lower by technology firms, as the nation's stricter
curbs to contain COVID-19 increased concerns about its economic
impact, with sentiment dented further by a weak finish overnight
on Wall Street.
The Nikkei share average .N225 declined 0.60% to 29,012.48
by 0157 GMT, while the broader Topix .TOPX fell 0.38% to
1,915.14.
"Market sentiment has been weak due to concerns on slow
economic recovery as Japan plans to introduce emergency measures
while vaccine rollouts are slow," said Masayuki Kubota, chief
strategist at Rakuten Securities.
"That sentiment is easily affected even by a decline in the
U.S. market."
Wall Street's main indexes dropped on Thursday, on reports
that President Joe Biden planned to almost double the capital
gains tax. .N
Japan, struggling to contain the pandemic's resurgence,
plans to declare "short and powerful" states of emergency for
Tokyo and other big cities for April 25 to May 11.
The government will require restaurants, bars, and karaoke
parlours serving alcohol to close, and big sporting events to be
held without spectators. Tech firms fell, with Tokyo Electron 8035.T losing 1.81%,
Fanuc 6954.T falling 2.29%, Advantest 6857.T shedding 1.92%.
Nidec 6594.T , maker of precision motors used in computer
hard drives and smartphones, tumbled 7.37% after its annual
forecast for the current business year missed analysts'
consensus.
The largest percentage loser on the Nikkei was Screen
Holdings 7735.T , down 3.5 %, followed by Komatsu 6301.T and
Z Holdings Corp 4689.T down 2.86% and 2.58%, respectively.
Pandemic-hit shares gained the most on index, with ANA
Holdings 9202.T up 3.21%, followed by Central Japan Railway
9022.T gaining 2.3% and Takashimaya 8233.T up 2.04%.
There were 75 advancers on the Nikkei index against 142
decliners.
- English (USA)
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Japanese shares fall on pandemic concerns, Wall Street decline
Published 04/23/2021, 10:36 AM
Updated 04/23/2021, 10:40 AM
Japanese shares fall on pandemic concerns, Wall Street decline
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.
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.
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.