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By Reuters Staff
(Updates with index close)
TOKYO, April 14 (Reuters) - Japanese shares ended lower on Wednesday, weighed down by cyclicals, as a resurgence in COVID-19 cases cast doubts over prospects of economic rebound, while falling interest rates dragged on banking and insurer stocks.
The Nikkei share average slipped 0.44% to close at 29,620.99, while the broader Topix ended 0.33% lower at 1,952.18.
“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.
Japanese shares end lower as virus resurgence hits risk appetite 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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