Japanese stocks closed lower on Wednesday, amid uncertainty surrounding the results of two-seat re-election for the US Senate in Georgia, as sentiment hurt the prospect of declaring a state of emergency in Tokyo and surrounding cities this week.<\/p>\n\n\n\n
The Nikkei index ended the session down to about 28 thousand points after slight gains, while the broader Topix index rose to about 17 thousand points.<\/p>\n\n\n\n
A Democratic two-seat victory would make President-elect Joe Biden’s endorsement of fiscal spending packages easier and is generally a positive thing.<\/p>\n\n\n\n
It would also be easier for Biden to raise corporate taxes, which is a negative factor for Stocks.<\/p>\n\n\n\n
The competition is intense and the official results will not be announced until the next day, which causes confusion.<\/p>\n\n\n\n
Sony Corp. recorded the biggest drop on the Topix 30 index, down by more than 2%.<\/p>\n\n\n\n
The top gainer on the Topix 30 index was Sumitomo Mitsui Financial Group, whose share increased by 4%, followed by Mizuo Financial Group, which rose 3%.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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