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Japanese shares drop as coronavirus infections weigh on sentiment Reuters 2 hrs ago
TOKYO, May 17 (Reuters) - Japanese shares reversed course to settle lower on Monday, as worries over the slow pace of the domestic vaccination drive overwhelmed a boost from solid gains in Wall Street shares.
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The Nikkei share average fell 0.92% to close at 27,824.83, after rising 0.8% earlier in the session, while the broader Topix edged down 0.24% to 1,878.86. Japanese tech shares could have tracked Nasdaq s higher finish on Friday but they didn t. That means the market has negative reasons that are unique to Japan, said Norihiro Fujito, chief investment strategist, Mitsubishi UFJ Morgan Stanley Securities.
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TOKYO, May 14 (Reuters) - Japanese stocks reclaimed lost ground on Friday after three consecutive days of losses, as a rebound in Wall Street and positive corporate earnings lured buyers back to the markets.
The Nikkei 225 Index was up 1.43% at 27,840.27, as of 0200 GMT, while the broader Topix rose 1.36% to 1,874.12.
For the week, the Nikkei was on course for a 5.2% decline, which would be its biggest loss since the week ended April 3.
Technology shares led the advance as investors hunted for bargains following a global sell-off in the sector.
However, worries about Japan’s slow COVID-19 vaccine rollout and further restrictions on business activity could limit gains in equities.