News24
19 Nov 2020, 15:42 GMT+10
Tokyo's benchmark Nikkei index closed lower on Thursday, extending falls on Wall Street, as investors locked in profits from recent rises.
The Nikkei 225 index, which hit near-three-decade highs earlier this month, fell 0.36%, or 93.80 points, to 25 634.34, but the broader Topix index gained 0.33%, or 5.76 points, to 1,726.41.
"Investors continued to cash in on recent gains" after watching US shares falling overnight, said Shinichi Yamamoto, a broker at Okasan Securities in Tokyo.
Wall Street stocks fell for a second straight session, tumbling after New York City ordered public schools closed, with anxiety over the coronavirus deepening.
"But market sentiment here remains solid and bargain-hunting can emerge at any time," Yamamoto told AFP.
Prime Minister Yoshihide Suga said Thursday that Japan was on "maximum alert" after the number of daily infection cases across the nation topped 2,000 for the first time.
"But the impact on the market appeared limited as the government did not announce fresh restrictions," Yamamoto said.
The dollar fetched 103.78 yen in Asian afternoon trade, against 103.85 yen in New York late Wednesday.
In Tokyo, airlines were among losers, with Japan Airlines falling 0.80% to 1,960 yen and ANA Holdings down 0.19% at 2 564 yen on profit-taking.
Toyota lost 0.24% to 7,301 yen but Sony rise 0.12% to 9 249 yen.
Panasonic jumped 1.63% at 1 086.5 yen after the firm said it has signed a partnership with two Norwegian firms to develop a "green battery" business targeting the European market, including for electric cars.
Get a daily dose of Pakistan Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pakistan Telegraph.
More InformationATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...