Tuesday 24 November 2020 ,
Latest News
20 November, 2020 01:26:36 PM

Print

Tokyo stocks open lower ahead of long weekend

BSS/AFP, Tokyo
Tokyo stocks open lower ahead of long weekend

Tokyo stocks opened lower on Friday in cautious trade ahead of a long weekend, with continued worries about rising coronavirus cases.

The benchmark Nikkei 225 index was down 0.60 percent or 152.94 points at 25,481.40 in early trade, while the broader Topix index slipped 0.38 percent or 6.50 points to 1,719.91.

“Trade is seen dominated by a wait-and-see attitude ahead of three days of holidays, after modest gains in the US market,” senior market analyst Toshiyuki Kanayama of Monex said in a commentary.

Wall Street stocks snapped a two-session skid as optimism over revived US stimulus talks countered worries about higher coronavirus cases.

But the Dow Jones Industrial Average added just 0.2 percent at 29,483.23, after many bourses elsewhere in the world ended in negative territory on concerns over the coronavirus.

The subdued trade in Tokyo comes a day after Japan’s prime minister said the country is on “maximum alert” after logging a record number of daily coronavirus infections, though no immediate restrictions are planned.

Among major shares in Tokyo, Uniqlo casual wear operator Fast Retailing was down 3.37 percent at 81,280 yen, Sony was off 1.17 percent at 9,141 yen, and chip-testing equipment manufacturer Advantest was down 0.99 percent at 6,970 yen. The dollar fetched 103.79 yen in early Asian trade, against 103.72 yen in New York late Thursday.

Japan’s core consumer price index, which excludes fresh food, was down 0.7 percent year-on-year in October, according to data released by the internal affairs ministry before the opening bell.

The figure was in line with market expectations.

BK

.

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 47.3%
No 48.7%
No Comment 4.1%
Video
More Business Stories
Bongo partners with Kormo Jobs Bongo, one of the largest video streaming platforms in Bangladesh, has recently signed an agreement with Google's world-renowned job and career development app Kormo Jobs, said a press release. Both organisations have taken this…

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting