Japan share market finished lower in choppy trading on Wednesday, 14 April 2021, as investors were cautious amid the continued surge in coronavirus infections, with daily cases in Osaka breaching the 1,000 mark, that have prompted some governments to tighten or reimpose business and trade curbs.
At closing bell, the 225-issue Nikkei Stock Average declined 130.62 points, or 0.44%, to 29,620.99. The broader Topix index of all First Section issues on the Tokyo Stock Exchange dropped 6.37 points, or 0.33%, to 1,952.18.
Total 28 sub-indexes of the 33 sector sub-indexes on the Tokyo exchange traded lower, with Marine Transportation, Textiles & Apparels, Nonferrous Metals, Electric Power & Gas, Oil & Coal Products, and Oil & Coal Products issues being notable losers, while Iron & Steel, Precision Instruments, and Rubber Products issues were notable gainers.
Shares in Toshiba surged after reports of its embattled Chief Executive Nobuaki Kurumatani stepping down as CEO on Wednesday amid declining trust in his leadership both at the company and among investors.
He will be succeeded by Chairman Satoshi Tsunakawa.
ECONOMIC NEWS: Japan Core Machine Orders Tumble 8.5% On Month In February- Japan value of core machine orders plunged a seasonally adjusted 8.5 percent on month in February, coming in at 769.8 billion yen, the Cabinet Office said on Wednesday, following the 4.5 percent decline in January. On a yearly basis, core machine orders sank 7.1 percent, following the 1.5 percent gain in the previous month.
CURRENCY NEWS: The Japanese yen traded at 108.83 per dollar, stronger than levels above 109.5 against the greenback seen 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