Japan share market finished session marginally lower on Wednesday, 23 September 2020, the first trading day of the week following holidays on Monday and Tuesday, as investors tried to catch up with global markets that lost heavily earlier this week amid worries about fresh spikes in coronavirus infections in Europe and the United States.
At closing bell, the 225-issue Nikkei Stock Average edged down 13.81 points, or 0.06%, to 23,346.49. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 2.17 points, or 0.13%, to 1,644.25. The Tokyo market was closed on Monday and Tuesday for national holidays.
Total 23 issues of the 33 industry category of Topix index ended into red territory, with Mining, Iron & Steel, Nonferrous Metals, Insurance, Pulp & Paper, Construction, and Real Estate issues being notable losers, while Land Transportation, Retail Trade, Marine Transportation, and Wholesale Trade issues were notable gainers.
Developments surrounding the coronavirus pandemic weighed on investor sentiment, with U. K.
Prime Minister Boris Johnson on Tuesday reversing the lifting of some lockdown measures in England. That came following a surge in coronavirus cases in the country. Cases in the U. S. have also started to trend upward following weeks of declines, though some health experts say it's too early to tell whether the upward trend will continue. The virus has taken more than 200,000 lives in the country.
CURRENCY: The Japanese yen traded at 105 per dollar following a weakening from levels around 104.4 against the greenback yesterday.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU