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Japan Nikkei falls 2-weeks low on COVID-19 state of emergency woes

Japan Nikkei falls 2-weeks low on COVID-19 state of emergency woes
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Asian Markets Mostly Higher

Asian Markets Mostly Higher CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Friday, following the broadly positive cues overnight from Wall Street on prospects of a strong global economic recovery after data showed improvement in manufacturing and jobless claims in the US. However, the surge in the delta variant of the coronavirus cases and travel curbs in several countries are capping the gains. Asian markets ended mostly lower on Thursday. Australian stock market is modestly higher on Friday, recouping some of the losses of the previous session, with the benchmark S&P/ASX 200 just below the 7,300 level, following the broadly positive cues overnight from Wall Street. Investors are also optimistic as restrictions were slightly eased following several outbreaks of the coronavirus Delta variant across the country.

Japanese Market Modestly Higher

Japanese Market Modestly Higher TOKYO (dpa-AFX) - The Japanese stock market is modestly higher on Friday, snapping four straight sessions of losses, with the benchmark Nikkei 225 above the 28,800 level, following the broadly positive cues overnight from Wall Street. Traders are upbeat following the prospects of a strong global economic recovery after data showed improvement in manufacturing and jobless claims in the US. However, the signs of a resurgence in the spread of the highly infectious Delta variant of COVID-19 and the news of another impending State of Emergency in Tokyo and other major areas are capping the gains. The benchmark Nikkei 225 Index is gaining 96.65 points or 0.34 percent to 28,803.69, after touching a high of 28,849.32 earlier. Japanese shares closed modestly lower on Thursday.

Roundup: Japan s Nikkei closes lower as chip shares drop ahead of Fed meeting - World News

Roundup: Japan s Nikkei closes lower as chip shares drop ahead of Fed meeting - World News
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