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
  1. Homepage
  2. Indexes
  3. Nikkei 225
  4. News
  5. Summary
    N225   JP9010C00002

NIKKEI 225

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

Japanese shares slump after tumultuous Trump-Biden debate

09/30/2020 | 02:28am EDT

TOKYO, Sept 30 (Reuters) - Japanese shares fell on Wednesday, tracking decline in U.S. stock futures after a combative debate between President Donald Trump and Democrat Joe Biden increased concerns about an indecisive election outcome.

The Nikkei 225 Index dropped 1.5% to 23,185.12, pulling back from a seven-month high reached in the previous session. The broader Topix ended down 1.97% at 1,625.49.

Both candidates battled fiercely over Trump's leadership on the coronavirus pandemic, the economy and the integrity of the upcoming election.

Neither candidate emerged from the debate with a clear advantage in what is expected to be a close election that may not yield an apparent winner, which is unsettling investors in riskier assets such as equities, traders and analysts said.

"Uncertainty about the U.S. election has actually increased," said Daiju Aoki, regional chief investment officer for Japan at UBS Securities.

"Trump had been doing better in the polls but Biden was able to make his points and appeal directly to voters. Increased uncertainty should weigh on Japanese equities."

The underperformers among the Topix 30 were Mitsubishi UFJ Financial Group Inc down 4.59%, followed by Mizuho Financial Group Inc losing 3.78%.

The stocks that gained the most among the top 30 core Topix names were wireless carrier NTT Docomo Inc up 20.92%, followed by venture fund SoftBank Group Corp gaining 0.5%.

NTT Docomo shares surged for a second day after its parent NTT launched a $40 billion bid to take the wireless carrier private. There were 19 advancers in the Nikkei index against 205 decliners.

Sentiment is likely to remain weak because the presidential election is extremely hard to predict, meaning it is difficult for investors who are already long in equities to increase their positions further, traders said.

The volume of shares traded on the Tokyo Stock Exchange's main board was 1.44 billion, compared to the average of 1.14 billion in the past 30 days. (Reporting by Stanley White; Editing by Rashmi Aich and Sherry Jacob-Phillips)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AOKI HOLDINGS INC. -3.35% 722 End-of-day quote.39.92%
BERLI JUCKER 2.11% 36.25 End-of-day quote.4.32%
DAIICHI SANKYO COMPANY, LIMITED 3.06% 2573.5 End-of-day quote.-27.20%
DXC TECHNOLOGY COMPANY 0.36% 41.42 Delayed Quote.60.85%
HEWLETT PACKARD ENTERPRISE COMPANY 1.66% 15.89 Delayed Quote.34.09%
HP INC. 0.37% 30.08 Delayed Quote.22.33%
INVESTMENT HOLDING GROUP - Q.P.S.C. 3.29% 1.067 End-of-day quote.78.13%
ISETAN MITSUKOSHI HOLDINGS LTD. -0.81% 859 End-of-day quote.40.82%
J. FRONT RETAILING CO., LTD. -0.60% 1156 End-of-day quote.41.84%
KDDI CORPORATION -0.33% 3620 End-of-day quote.18.07%
MITSUBISHI CORPORATION -0.39% 3060 End-of-day quote.20.43%
MITSUBISHI UFJ FINANCIAL GROUP, INC. -1.85% 610.8 End-of-day quote.33.92%
MIZUHO FINANCIAL GROUP, INC. -1.27% 1632.5 End-of-day quote.24.86%
NIKKEI 225 -0.03% 28948.73 Real-time Quote.5.48%
NIPPON ELECTRIC GLASS CO., LTD. -0.93% 2656 End-of-day quote.17.73%
NIPPON TELEGRAPH AND TELEPHONE CORPORATION 1.36% 2913.5 End-of-day quote.10.13%
NTT DATA CORPORATION 1.75% 1743 End-of-day quote.23.53%
SOFTBANK GROUP CORP. -0.27% 8000 End-of-day quote.-0.72%
VENTURE CORPORATION LIMITED 0.27% 18.85 End-of-day quote.-2.94%
All news about NIKKEI 225
06/11Wall Street Steady Pre-Bell, Long-Term Inflation Worries Fade
MT
06/11Asian Stock Markets Edge Higher on Wall Street Cues, Inflation Concerns Shrug..
MT
06/11Nikkei 225 Edges Sideways As Tech Shares Advance, But Property and Bank Issue..
MT
06/11Hong Kong stocks track Asia higher, but end lower for the week
RE
06/11MARKET CHATTER : TSMC Mulling Plans to Build First Semiconductor Plant in Japan
MT
06/11Glass Lewis recommends against re-appointment of Toshiba board chairman, 4 ot..
RE
06/11Japanese shares end lower as cyclical stocks drag; Toshiba slips
RE
06/11Proxy advisory firm glass lewis recommends opposing 5 out of 13 director cand..
RE
06/11Asia stocks up, U.S. bond yields down as inflation fears ease
RE
06/10Japanese shares edge down as tech stocks weigh
RE
More news
News of the index components NIKKEI 225
06/11TOYOTA MOTORá : All-New Lexus NX Premieres, Heraldling the Start of the Lexus Ne..
PU
06/11RESULTS OF TENDER OFFER FOR SHARES O : 132.5kb)
PU
06/11NOTICE REGARDING RESULTS OF TENDER O : 4115)
PU
06/11TOYOTA MOTORá : Six Challenges
PU
06/11FUJIFILMá : 'Art as an Essential Facet of Life and Community' - Fujifilm Announc..
AQ
06/11CANONá : Production Printing and Rodden Graphics join forces to market LabelStre..
AQ
06/11Japan picks consortium led by Toda to build Goto offshore wind farm
RE
More news
Chart NIKKEI 225
Duration : Period :
Nikkei 225 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NIKKEI 225
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Heatmap :