The Nikkei index fell in the Tokyo Stock Exchange today, Friday, as new restrictions to combat the Coronavirus in Europe weakened hopes for a rapid global economic recovery, but losses were limited after Fast Retail expected positive annual profits.<\/p>\n\n\n\n
The Nikkei index fell 0.41% to 23,410.63 points. The broader TOPIX index lost 0.86% to 1617.69 points.<\/p>\n\n\n\n
For the week, the benchmark index fell 0.89%, the TOPIX slipped 1.8%, while the latter recorded the largest drop in more than two months.<\/p>\n\n\n\n
All of the 33 sub-sector indices on the Tokyo Stock Exchange, with the exception of two, declined, while the real estate, pharmaceutical industry and road transport sectors led the decline in the main bourse.<\/p>\n\n\n\n
The sentiment was negatively affected after restrictions were imposed to slow the spread of the Coronavirus in Europe, with London entering stricter general isolation measures and France imposing a night-time curfew in large cities to curb a jump in cases of COVID-19.<\/p>\n\n\n\n
Some investors have also remained reluctant to take up positions due to the uncertainty surrounding the US stimulus talks, ahead of the US presidential elections and local corporate earnings reports.<\/p>\n\n\n\n
But Nikkei was supported by gains in heavyweights Fast retailer, which jumped more than 4.4% after the clothing store chain operator posted profits that exceeded expectations.<\/p>\n\n\n\n
Fujifilm Holdings also jumped 2.5% after the company said it had applied in Japan for approval to use the anti-influenza drug Avigan as a treatment for Covid-19 disease.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Nikkei index fell in the Tokyo Stock Exchange today, Friday, as new restrictions to combat the Coronavirus in Europe weakened hopes for a rapid global economic recovery, but losses were limited after Fast Retail expected positive annual profits. The Nikkei index fell 0.41% to 23,410.63 points. The broader TOPIX index lost 0.86% to 1617.69 …<\/p>\n","protected":false},"author":9,"featured_media":32812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6939,6971],"class_list":["post-35594","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=35594"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35594\/revisions"}],"predecessor-version":[{"id":35595,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35594\/revisions\/35595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32812"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}