You are here: Home » News-CM » International » Market Report
Business Standard

Japan Nikkei extends losses to third straight session

Capital Market 

Japan share market closed down for the third straight session on Friday, 19 February 2021, as profit booking continued on following a negative lead on Wall Street overnight. Worries about domestic inflation also weighed on the market.

At closing bell, the 225-issue Nikkei Stock Average dropped 218.17 points, or 0.72%, to 30,017.92.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange declined 12.96 points, or 0.67%, to 1,928.95. for the week, the Nikkei rose 1.7% while Topix dropped 0.25%.

Fast Retailing, which has the highest weight in the Nikkei, fell 2.4%, as investors took profits following its almost 10% rise this week.

Online brokerage Monex tumbled 10.4% after having more doubled since the start of month by Thursday.

Some travel-related shares also slipped after gains earlier this week following the start of the country's COVID-19 vaccination programme. ANA Holdings fell 3.9%, while Japan Airlines fell 3.7%. Central Japan Railway lost 3.7%.

ECONOMIC NEWS: Japan's core consumer prices declined 0.6% in January as compared with a year earlier, according to data released Friday by the country's Statistics Bureau.

CURRENCY NEWS: The Japanese yen traded at 105.63 per dollar, stronger than levels above 106 against the greenback seen earlier this week.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, February 19 2021. 16:37 IST