Log in
E-mail
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

MarketScreener Homepage  >  Indexes  >  Nikkei 225    N225   JP9010C00002

NIKKEI 225

(N225)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Japan shares fall as third wave of COVID-19 outbreak hurts sentiment

11/20/2020 | 01:26am EST

TOKYO, Nov 20 (Reuters) - Japanese stocks fell for a third consecutive session on Friday as a rise in new domestic coronavirus infections to record highs fuelled concerns that officials will place new restrictions on business activity.

The Nikkei 225 index ended down 0.42% at 25,527.37. The broader Topix erased losses to end 0.06% higher at 1,727.39.

The Nikkei rose 0.6% for the week after hitting a 29-year high on Tuesday as progress in developing a coronavirus vaccine lifted equities.

The optimism, however, faded quickly as a sharp increase in coronavirus cases suggested that Japan's economy could weaken before a vaccine becomes widely available.

Authorities in the United States and Europe are placing new restrictions to slow another wave of virus infections, which is an additional reason to pocket profits on the rally in global stocks from March lows, analysts say.

"The main focus is on the renewed spread of the coronavirus," said Takashi Hiroki, chief strategist at Monex Securities.

"Stocks had risen to pretty good levels, but now there is incentive to take some money off the table."

The underperformers among the Topix 30 were Daikin Industries Ltd, down 2.64%, followed by Tokio Marine Holdings Inc, losing 2.52%.

Air conditioner maker Daikin took a hit after the Nikkei newspaper reported that electric vehicle maker Tesla was considering making air conditioners for homes.

The stocks that gained the most among the top 30 core Topix names were SoftBank Group Corp, up 2.62 %, followed by Murata Manufacturing Co Ltd, up 1.48%.

Hitachi Metals Ltd jumped 9.88% after Nikkei reported that its parent Hitachi Ltd had begun accepting bids for the metals company.

There were 100 advancers on the Nikkei index against 119 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 0.92 billion, compared with the average of 1.15 billion in the past 30 days. (Reporting by Stanley White; Editing by Subhranshu Sahu and Devika Syamnath)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DAIKIN INDUSTRIES,LTD. 0.13% 23135 End-of-day quote.0.94%
HITACHI METALS, LTD. -0.95% 1677 End-of-day quote.7.09%
HITACHI, LTD. -0.05% 4358 End-of-day quote.7.21%
MURATA MANUFACTURING CO., LTD. -0.57% 10495 End-of-day quote.12.61%
NIKKEI 225 -0.44% 28631.45 Real-time Quote.4.33%
SOFTBANK GROUP CORP. -1.63% 8800 End-of-day quote.9.21%
TESLA, INC. 0.20% 846.64 Delayed Quote.19.98%
TOKIO MARINE HOLDINGS, INC. -2.09% 5423 End-of-day quote.2.17%
All news about NIKKEI 225
01/22Weak data, earnings drag stocks lower; oil falls
RE
01/22Stocks, oil fall on weak data, earnings
RE
01/22Wall Street Set to Open in Red Territory as China Grapples With New Virus Out..
MT
01/22Japan Consumer Prices Slip Slightly in December, Down 1.2% Year-Over-Year
MT
01/22U.S. Stock Futures Slip After Fresh Records
DJ
01/22Hong Kong stocks fall as China's composite index slips when global rally paus..
RE
01/22Japanese Shares Close Lower Amid Weak Cues from Asian Peers
MT
01/22NIKKEI 225 : Japanese Shares See Weak Trading Session as COVID-19 Cases Rise
MT
01/22China composite stock index slips, blue-chips rise as global rally pauses
RE
01/22Nikkei slips from 30-year peak as focus shifts to corporate earnings
RE
More news
News of the index components NIKKEI 225
09:12aGlobalWafers further raises bid for Siltronic to 4.35 billion euros
RE
12:58aFEATURE : 4-day workweek gaining traction as business responds to pandemic
AQ
01/22TOYOTA MOTOR : Shareholders & Investors News
PU
01/22MITSUBISHI HEAVY INDUSTRIES : Shell, Mitsubishi Heavy Industries, Vattenfall and..
AQ
01/22MARUBENI CORPORATION : - Establishment of a New Subsidiary DOLBIX CONSULTING Inc..
AQ
01/22KPMG UK advises Octopus Energy Group on landmark Asian partnership
AQ
01/22GlobalWafers raises takeover bid for Siltronic to $5.1 billion
RE
More news
Chart NIKKEI 225
Duration : Period :
Nikkei 225 Technical Analysis Chart | N225 | JP9010C00002 | MarketScreener
Technical analysis trends NIKKEI 225
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Heatmap :