Investing.com - Financial Markets Worldwide
🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Tokyo shares wobble after China reports sharp rise in virus deaths

Published 02/13/2020, 11:08 AM
Updated 02/13/2020, 11:16 AM
Tokyo shares wobble after China reports sharp rise in virus deaths
JP225
-
TMUS
-
TOPX
-
9984
-
8011
-
IMCHN.T
-
IPAPR.T
-
ISTEL.T
-
4754
-

TOKYO, Feb 13 (Reuters) - Japanese stocks wobbled on
Thursday as a sharp jump in the death toll from the coronavirus
triggered concerns that the epidemic could get worse before it
is brought under control.
The benchmark Nikkei average .N225 was virtually flat at
23,875.75 by the midday break, while the broader Topix .TOPX
fell 0.2% to 1,714.98.
The death toll in China's Hubei province, the epicentre of
the virus outbreak, rose by 242 to 1,310 as of Wednesday. It
recorded 14,840 new cases as of Feb. 12, up from a rise of 1,638
new cases on Tuesday.
The safe-haven yen JPY=EBS firmed against the dollar and
weighed on export-related stocks, pulling back from its
three-week low of 110.15 yen that it touched in the previous
session.
About two-thirds of the 33 sector sub-indexes on the Tokyo
Stock Exchange were trading lower, with iron and steel
.ISTEL.T , machinery .IMCHN.T and paper and pulp .IPAPR.T
leading the losses.
Taiko Pharmaceutical 4754.T soared 10.7% to a record high
on increasing demand for the drugmaker's virus-removal and
infection-control products.
Sanyo Shokai Ltd 8011.T gained 2.5% after U.S. activist
investor RMB Capital said the Chicago-based firm requested the
Japanese clothing company to seek a strategic buyer.
Elsewhere, the Nikkei's heavyweight SoftBank Group Corp
9984.T retreated 0.6% after a 11.9% surge on Wednesday in
response to a U.S. federal judge's approval of a takeover of its
unit Sprint S.N by T-Mobile TMUS.O .
The tech conglomerate's third-quarter operating profit fell
99%, pulled down by losses at the $100 billion Vision Fund, but
its Founder and Chief Executive Officer Masayoshi Son said the
company's performance was already improving.

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.