Nikkei Lower Due to Corona Infections Increase in Japan

The Tokyo stock exchange ended slightly lower on Thursday. A sharp rise in the number of corona infections in the Japanese capital and Osaka fueled concerns about new measures to contain the virus.

 

Another shortening of restaurant and shop opening hours could slow the economic recovery. Concerns are also growing about the slow pace of the vaccination program in Japan.

The Nikkei in Tokyo eventually closed 0.1 percent lower at 29,708.98 points. Toshiba fell 0.7 percent. A day earlier, the Japanese electronics group reached the daily upward limit of 18 percent after the news that investor CVC Capital Partners wants to buy the company for $ 20 billion and take it off the stock exchange. Hitachi Metals thickness was 4.7 percent.

According to business newspaper Nikkei, a group of investors led by Bain Capital wants to take a stake of more than 50 percent in the metals specialist for approximately $ 7.3 billion.

The main index in Shanghai was 0.3 percent in the plus, and in Hong Kong, the Hang Seng index climbed 1 percent. Tencent lost 0.6 percent on the Hong Kong stock exchange. Amsterdam-listed tech investor Prosus is selling a 2 percent interest in the Chinese tech company. Prosus sold almost 192 million shares in one go.

This is one of the most significant transactions of a share package ever. After the sale, Prosus still holds 28.9 percent in Tencent and will not reduce its stake further in the next three years. Prosus wants to use the proceeds of more than 12 billion euros to invest in other companies.

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