Japan’s Nikkei closed at its lowest level in two weeks on Wednesday, tracking Wall Street’s drop overnight, on fears of a global economic slowdown and the impact of the COVID-19 shutdown in China on domestic corporate results.<\/p>\n\n\n\n
The Nikkei index fell by 1.17 percent to close at 26,386.63 points, its lowest level since April 12. The broader Topix index lost 0.94 percent to close at 1860.76 points.<\/p>\n\n\n\n
Wall Street fell overnight, with the Nasdaq closing at its lowest level since December 2020, as investors worried about slowing global growth and the Federal Reserve’s moves on monetary policy.<\/p>\n\n\n\n
Investors are concerned about China’s economic growth as Beijing races to stamp out an emerging COVID-19 outbreak in the capital and avoid the same month-long shutdown in Shanghai.<\/p>\n\n\n\n
Fanuc fell 5.72 percent and was the biggest loser on the Nikkei after the robot maker’s annual operating profit missed expectations.<\/p>\n\n\n\n
Kikkoman shares fell 12.63 percent after a report that the soy sauce maker did not disclose expectations due to the increase in costs.<\/p>\n\n\n\n
And Tokyo Electron, the chip maker, lost 1.49 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan’s Nikkei closed at its lowest level in two weeks on Wednesday, tracking Wall Street’s drop overnight, on fears of a global economic slowdown and the impact of the COVID-19 shutdown in China on domestic corporate results. The Nikkei index fell by 1.17 percent to close at 26,386.63 points, its lowest level since April 12. …<\/p>\n","protected":false},"author":9,"featured_media":33466,"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":[37,39,36],"tags":[6939,6851],"class_list":["post-64528","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-japan","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64528","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=64528"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64528\/revisions"}],"predecessor-version":[{"id":64529,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64528\/revisions\/64529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33466"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=64528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=64528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=64528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}