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Japanese shares slump as virus surge stokes slowdown worries

By Reuters Staff 2 Min Read TOKYO, April 20 (Reuters) - Japanese shares fell sharply on Tuesday, weighed down by worries that possible reintroduction of COVID-19 emergency measures in the country’s biggest cities would slow the economic recovery. Selling was seen across almost all sectors, with only one of the Tokyo Stock Exchange’s 33 industry sub-indexes trading higher and just a more than dozen stocks up on the benchmark Nikkei share average. The Nikkei fell 1.80% to 29,151.00 by 0141 GMT in its worst intraday drop in almost four weeks, while the broader Topix dropped 1.28% to 1,931.41 in its biggest slide in two weeks. “It’s just like the decline is bringing another sell-off today,” said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.

Asian Markets Mostly Lower Amid Cautious Trades

Asian Markets Mostly Lower Amid Cautious Trades CANBERA (dpa-AFX) - Asian stock markets are mostly lower on Tuesday, following the broadly negative cues overnight from Wall Street. Traders also continue to be cautious amid the surge in coronavirus cases in the region and the possible restrictions on economic activity in several markets. Asian stocks ended mostly higher on Monday. The Australian stock market is modestly lower on Tuesday, with the benchmark S&P/ASX 200 staying above the 7,000 mark, following the negative cues overnight from Wall Street. Stocks across all sectors are trading weak. The benchmark S&P/ASX 200 Index is losing 23.10 points or 0.33 percent to 7,042.50, after hitting a low of 7,030.10 earlier. The broader All Ordinaries Index is down 19.00 points or 0.26 percent to 7,309.00. Australian markets ended flat with a positive bias on Monday.

Japanese Market Significantly Lower

Japanese Market Significantly Lower
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Japanese shares slump as virus surge stokes slowdown worries

Japanese shares slump as virus surge stokes slowdown worries
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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