By Reuters Staff
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TOKYO, April 14 (Reuters) - Japanese shares edged lower on Wednesday, dragged down by materials stocks, as mounting new COVID-19 cases have cast doubt over an economic rebound, while concerns over falling rates pushed shares of banks and insurers lower.
The Nikkei share average inched down 0.28% to 29,668.74 by 0202 GMT, while the broader Topix slipped 0.23% to 1,953.80.
“The expectations for the reopening of the economy shrank because rollouts of vaccines in Japan is much slower than other countries, while the number of new COVID-19 cases is on the rise,” said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
Toshiba CEO faced board ouster before $20-billion buyout offer, sources say Makiko Yamazaki, Noriyuki Hirata and Takashi Umekawa TOKYO Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Issei Kato/Reuters
Toshiba board members planned to oust CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20-billion buyout bid last week, telling him the day before the offer was announced they would replace him, people familiar with the matter said.
Two members of Toshiba Corp’s nomination committee, including board chairman Osamu Nagayama, met Kurumatani, himself a former CVC executive, and told him they intended to look for a new chief executive, three of the people said.
International Business News: Toshiba board members planned to oust CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20 billion buyout bid last week, telling him the
Toshiba's board planned to oust troubled CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20 billion buyout bid last week, informing him a day before the offer was announced that it would replace him, people familiar with the matter said.
2021-04-14 12:35:38 GMT2021-04-14 20:35:38(Beijing Time) Xinhua English
TOKYO, April 14 (Xinhua) Tokyo stocks closed lower Wednesday as buying was impacted by the yen s strength against the U.S. dollar and concerns over Johnson & Johnson s coronavirus vaccine after it was paused by U.S. health authorities due to instances of blood clots.
The 225-issue Nikkei Stock Average dropped 130.62 points, or 0.44 percent, from Tuesday to close the day at 29,620.99.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 6.37 points, or 0.33 percent, to finish at 1,952.18.
After inheriting a weak lead from some U.S. shares losing ground overnight, a circumspect mood grew in Tokyo trading owing to domestic COVID-19 cases continuing to increase, with the western prefecture of Osaka recording a record number of new infections for a second-straight day, traders here said.