The Japanese Nikkei index closed lower today, Friday, to retreat from near its highest level in 29 and a half years, as the risk appetite was negatively affected after the US drugmaker Pfizer said it had lowered the goal of distributing its anti-virus vaccine.<\/p>\n\n\n\n
The Nikkei index fell 0.22% to 26,751.24 points, but it posted gains for the fifth week in a row. In the previous session, the benchmark index closed near its highest level since April 1991.<\/p>\n\n\n\n
The broader Topix index closed nearly flat at 1775.94.<\/p>\n\n\n\n
The market followed the impact of the US Standard & Poor’s 500 Index, which retreated from an all-time high on Thursday after Pfizer indicated challenges in the supply chain of raw materials used in its vaccine.<\/p>\n\n\n\n
Among the declining stocks, Tokyo Electron fell 3.12% due to profit-taking selling after technology shares surged ahead of the rest of the market in recent times.<\/p>\n\n\n\n
Shares of export-dependent companies were hit by the yen’s appreciation against the dollar. Fanuc was down 0.82% while Sony lost more than 0.2% before closing nearly flat.<\/p>\n\n\n\n
Shares associated with auto companies advanced after local media reported that Japan may ban the sale of new cars with gasoline engines by the mid-1930s.<\/p>\n\n\n\n
The moves come after Japanese Prime Minister Suga pledged that Japan will reduce carbon emissions to zero on a net basis by 2050.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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