Japan Shares Post The Biggest Weekly Loss in 9 Months

Japanese stocks recorded their biggest weekly losses in 9 months, as investors were reluctant to make big bets in light of the return of the Coronavirus cases numbers to the increase and inflation concerns in the United States, despite the slight increase during the day on positive business results for companies.

The Nikkei index closed up 2.32% to 28,084.47 points today, while the broader Topix index increased 1.86% to 1,883.42 points.

On a weekly basis, the Nikkei Index is down 4.3%, its biggest loss since the week ending July 31, 2020.

Technology stocks led the gains today, as investors searched for deals after a global sell-off in the sector.

Risk appetite was limited this week by investor concerns about the slow distribution of COVID-19 vaccines in Japan and further restrictions on business activities.