Japanese shares drop on worries about COVID-19 resurgence :

Japanese shares drop on worries about COVID-19 resurgence


Japanese shares drop on worries about COVID-19 resurgence
Reuters
11 hrs ago
TOKYO, July 1 (Reuters) - Japanese shares reversed course to trade lower on Thursday on concerns that a resurgence of COVID-19 infections would lead to an extension of restrictions, slowing economic recovery.
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The Nikkei share average fell 0.41% to 28,674.52 by 0200 GMT, while the broader Topix was down 0.34% to 1,936.88.
Japan is considering an extension of two weeks to a month for coronavirus prevention measures in Tokyo and other areas, local media said, as new infections in the country's capital rose to their highest since May 26.
"Investors are holding their bets as they are worried about a resurgence of the coronavirus," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.

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