The stock market in Japan ended with a loss on Tuesday. Optimism about the arrival of the corona vaccines has been overshadowed by the continuing rise in the number of corona infections and fears of new lockdowns worldwide.
The other stock market indicators in the Asian region also lost ground.
Tokyo’s leading Nikkei eventually closed 0.2 percent lower at 26,687.84 points. The Japanese airlines, in particular, were under pressure. ANA Holdings fell 7.6 percent, and Japan Airlines lost 3.3 percent. Japanese Prime Minister Yoshihide Sage announced to suspend the domestic tourism promotion campaign around the New Year celebration due to the surge in the number of corona cases in the country.
Nippon Kinzoku, on the other hand, made a price jump of 28 percent. Investors expect strong demand for the company’s hypodermic needles due to the initiation of global coronavirus vaccination programs.
The stock market gauge in Shanghai was 0.2 percent in the negative, and the Hang Seng index in Hong Kong fell 0.8 percent. Figures from the Chinese government showed that the country’s industrial production grew 7 percent year-on-year in November. The growth figure was in line with the expectations of economists. Retail sales in China increased by 5 percent last month. That was slightly less than expected.
The Kospi in Seoul fell 0.5 percent. The All Ordinaries in Sydney lost 0.4 percent. Especially the Australian coal companies were sold.
The Chinese state newspaper Global Times reported that Beijing has allowed Chinese energy companies to import coal without restrictions, except Australia. China and Australia have been in a trade dispute for months. Beijing has introduced import tariffs on Australian wines, among other things.
