Page 9 - ஸூமிடோமொ மிட்ஸ்யூயீ நம்பிக்கை வங்கி News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Japanese shares fall on disappointing tech outlook, pandemic concerns
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Virus Resurgence Leaves Nikkei 225 on the Retreat From 30,000
Min Jeong Lee and Shoko Oda, Bloomberg News A pedestrian is reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Tuesday, Feb. 6, 2018. Japanâs blue-chip Nikkei 225 Stock Average entered a correction as the nationâs shares posted the biggest decline since November 2016, following U.S. peers lower amid rising concern that inflation will force interest rates higher. Photographer: Noriko Hayashi/Bloomberg , Bloomberg
(Bloomberg) The euphoria of the Nikkei 225 Stock Averageâs rally to a three-decade high earlier this year is fading fast.
The 30,000 mark is now looking distant after the blue-chip gauge extended a two-day slump to 4% on Wednesday, taking losses since it reached a 30-year peak in February to 6%. Dreams earlier this year that Japanese equities might finally challenge their all-time highs have been put on hold.
Apr 22, 2021
When the 225-issue Nikkei average rallied to a three-decade high earlier this year, some saw its all-time record as finally in sight.
These days, with the gauge having lost steam over the past month, those dreams are looking a little distant. Despite a 2.1% gain on Thursday, the blue-chip index still trades nearly 5% below its February high, with many seeing it remain stagnant in the same range through coming months.
A sell-off through Wednesday was triggered by a number of factors. The government is set to declare another state of emergency amid a surge in COVID-19 cases, while the country lags behind other major economies in its distribution of vaccines.
Dreams of Nikkei record now distant as virus tamps down euphoria
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