The Stock Exchange in Japan Closed Again With A Loss on Friday

54

The stock exchange in Japan closed again with a loss on Friday. Investors did not take any risks due to the uncertainties surrounding the Brexit talks and the negotiations for an additional corona support package in the United States.

 

A record increase in the number of corona infections in the Japanese capital Tokyo also caused a caution.

Tokyo’s leading Nikkei went 0.4 percent lower over the weekend at 26,652.52 points. It was the fifth loss in the past six trading days. Nintendo added 2.3 percent. The computer game maker took advantage of fears that the rising number of corona infections in Japan will lead to stricter measures, forcing people to spend more time at home.

SoftBank lost 4.7 percent. Investors took some gains after the stock’s recent strong boom. The Japanese tech investor benefited this week from the successful IPO of the American meal delivery company DoorDash, in which it has a significant interest.

Reports that the board wants to buy back its own shares to remove the company from the stock exchange were also positively received.

The other major stock exchanges in the Asian region showed a mixed picture. The stock market gauge in Shanghai was 1 percent in the negative, and the Hang Seng index in Hong Kong gained 0.5 percent. Seoul’s Kospi rose 1 percent, thanks to a surge in South Korean exports in the first ten days of December. The Australian All Ordinaries in Sydney fell 0.6 percent.

Leave A Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.