Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Japan's Nikkei jumps most in over a month as Omicron fear eases

12/07/2021 | 01:41am EST

TOKYO, Dec 7 (Reuters) - Japan's Nikkei index racked up its biggest gain in more than a month on Tuesday, as worries over the impact of the Omicron coronavirus variant eased, aiding investors to buy bargains, such as SoftBank Group and travel-related stocks.

The Nikkei share average ended 1.89% higher at 28,455.60, marking its biggest percentage gain since Nov. 1. The broader Topix advanced 2.17% to 1,989.85.

Japan shares also tracked Wall Street higher as investors cheered some optimistic comments from a top U.S. official on the latest variant.

"We have more details on the Omicron and it seems that impact would not be that serious. That has given a relief to investors," said Kazuharu Konishi, head of equities at Mitsubishi UFJ Kokusai Asset Management.

SoftBank Group, the global tech investor that dragged down the Nikkei in the previous session, jumped 7.94% and was the biggest percentage gainer on the index.

Shares that would benefit from an economic reopening rose, with airlines and railway operators leading gains among the exchange's 33 industry sub-indexes, up 4.17% and 3.06%, respectively.

Japan Airlines rose 4.6% and West Japan Railway gained 4.97%.

Travel-related online services Open Door surged 7.66% and Airtrip also gained 7.66%.

"The markets have been volatile globally. But these volatilities suggest that the market is moving by bets from short-term investors," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.

There were 218 advancers on the Nikkei index against 6 decliners.

Nippon Suisan Kaisha fell 5.6% and was the biggest loser, followed by Z Holdings, losing 2.7% and Konami Holdings, which fell 1.29%. (Editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIRTRIP CORP. 0.04% 2591 Delayed Quote.-15.64%
JAPAN AIRLINES CO., LTD. 2.50% 2129 Delayed Quote.-5.42%
KONAMI HOLDINGS CORPORATION 0.66% 6070 Delayed Quote.9.24%
NIPPON SUISAN KAISHA, LTD. 0.94% 537 Delayed Quote.-2.03%
OPENDOOR INC. 1.92% 1436 Delayed Quote.-23.55%
SOFTBANK GROUP CORP. 2.20% 4795 Delayed Quote.-13.65%
TOPIX INDEX 1.87% 1876.89 Real-time Quote.-5.04%
WEST JAPAN RAILWAY COMPANY 2.39% 4848 Delayed Quote.-1.56%
Z HOLDINGS CORPORATION -0.41% 540.8 Delayed Quote.-18.64%
Latest news "Economy & Forex"
03:39aH&M looks beyond pandemic with drive to double sales by 2030
RE
03:39aCfo of spain's caixabank says will not give any specific guidanc…
RE
03:35aIMF warns of unbalanced China recovery, policy uncertainty
RE
03:33aCeo of spain's caixabank says has not changed target for core ca…
RE
03:29aItaly's right to try to push through candidate in vote for president
RE
03:29aBritain's Cineworld hit by appeal in Cineplex legal battle
RE
03:26aPOULTRY PRODUCTION 2021 : more eggs for hatching and more slaughterings
PU
03:26aTurnover in industry and construction for December 2021 significantly above pre-crisis level (+44.7%); transport volume in road freight transport decreased in the fourth quarter of 2021
PU
03:26aINDUSTRIAL PRODUCER PRICES INCREASED BY 16.7% IN DECEMBER 2021; ANNUAL RATE 2021 : +7.9%
PU
03:23aChina's Xiamen city paves way for long-discussed property tax pilot
RE
Latest news "Economy & Forex"