The Japanese stock exchange took a pause on Wednesday. Investors slowed down a bit after the recent boom in which all price losses caused by the corona crisis were cancelled out.
The new record levels of the S&P 500 and the Nasdaq tech exchange on Wall Street provided some support for trade. The stock markets also showed losses predominantly elsewhere in the Asian region.
The Nikkei in Tokyo went a fraction lower on the day at 23,290.86 points. The Japanese airlines were sold after the sharp price gains the day before. ANA Holdings fell 0.8 percent, and Japan Airlines lost 0.5 percent.
Telecom company and tech investor SoftBank, a heavyweight in the Japanese main index, on the other hand, showed a recovery, climbing more than 3 percent after the stock’s recent decline.
In Hong Kong, the Hang Seng index reached 0.1 percent in the min. Alibaba was 3.6 percent in Hong Kong. Investors were pleased to announce that Ant Group, the financial services provider of Chinese internet giant Alibaba, has filed for an IPO in Hong Kong and Shanghai.
The main index in Shanghai fell 1 percent, and the Australian All Ordinaries in Sydney fell 0.8 percent. The Kospi in Seoul climbed a fraction.
South Korea is currently struggling with a new peak of the coronavirus. In New Zealand, stock trading was interrupted again due to a possible recent cyberattack on the stock market.