Japan’s Nikkei index closed lower on Friday on concerns about the risks that a surge in COVID-19 cases in Tokyo posed to the prospects for a recovery in the world’s third-largest economy, but the index made weekly gains.<\/p>\n\n\n\n
The Nikkei index lost 0.16% to 26,763.39 points, while the broader TOPIX index settled almost at 1,793.24 points.<\/p>\n\n\n\n
The Nikkei and Topix indexes posted weekly gains of 0.41% and 0.63%, respectively.<\/p>\n\n\n\n
There was concern in the market about the rise of the yen against the dollar, as the Japanese currency last traded at 103.41 yen, after falling to 102.88 yen overnight.<\/p>\n\n\n\n
All three major indexes of US stocks closed at record highs on Thursday thanks to growing optimism about a stimulus bill aimed at mitigating the repercussions of the Corona virus.<\/p>\n\n\n\n
Among the winning sectors, the non-ferrous metals sector rose 1.11%, supported by investor expectations of a higher demand for electric vehicle batteries.<\/p>\n\n\n\n
Sony Corp. closed 2.3% higher, after hitting its highest level since October 2000 thanks to a stay-at-home demand.<\/p>\n\n\n\n
Among decliners, Toyota Motor shares fell 1.11% as investors sold the stock to take profits after it rose to its highest level since August 2015 in the previous session.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan’s Nikkei index closed lower on Friday on concerns about the risks that a surge in COVID-19 cases in Tokyo posed to the prospects for a recovery in the world’s third-largest economy, but the index made weekly gains. The Nikkei index lost 0.16% to 26,763.39 points, while the broader TOPIX index settled almost at 1,793.24 …<\/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":[6827,49,39,36],"tags":[6939,6971],"class_list":["post-38826","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38826","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=38826"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38826\/revisions"}],"predecessor-version":[{"id":38827,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38826\/revisions\/38827"}],"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=38826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=38826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=38826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}