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 NewsNews of the index componentsMarketScreener Strategies

Japanese shares slump after tumultuous Trump-Biden debate

share with twitter share with LinkedIn share with facebook
09/30/2020 | 03:28am 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)


Stocks mentioned in the article
ChangeLast1st jan.
AOKI HOLDINGS INC. 0.83% 488 End-of-day quote.-56.85%
BERLI JUCKER -0.78% 31.75 End-of-day quote.-24.40%
DAIICHI SANKYO COMPANY, LIMITED -0.33% 2684 End-of-day quote.11.40%
DXC TECHNOLOGY COMPANY -0.50% 19.84 Delayed Quote.-47.22%
HEWLETT PACKARD ENTERPRISE COMPANY 0.21% 9.48 Delayed Quote.-40.23%
HP INC. -1.19% 19.12 Delayed Quote.-6.96%
INVESTMENT HOLDING GROUP - Q.P.S.C. -9.90% 0.537 End-of-day quote.-4.79%
ISETAN MITSUKOSHI HOLDINGS LTD. 2.21% 555 End-of-day quote.-43.60%
J. FRONT RETAILING CO., LTD. 3.17% 880 End-of-day quote.-42.48%
KDDI CORPORATION 0.29% 2770.5 End-of-day quote.-14.83%
MITSUBISHI CORPORATION 0.92% 2457.5 End-of-day quote.-15.26%
MITSUBISHI UFJ FINANCIAL GROUP, INC. 0.85% 425.8 End-of-day quote.-28.22%
MIZUHO FINANCIAL GROUP, INC. 0.95% 1322 End-of-day quote.-21.45%
NIKKEI 225 0.18% 23516.59 Real-time Quote.-0.59%
NIPPON ELECTRIC GLASS CO., LTD. 1.68% 2001 End-of-day quote.-18.03%
NIPPON TELEGRAPH AND TELEPHONE CORPORATION 0.16% 2214 End-of-day quote.-19.70%
NTT DATA CORPORATION -0.23% 1295 End-of-day quote.-11.72%
NTT DOCOMO, INC. 0.05% 3889 End-of-day quote.28.01%
SOFTBANK GROUP CORP. -0.08% 7082 End-of-day quote.48.91%
VENTURE CORPORATION LIMITED 0.24% 20.6 End-of-day quote.27.16%
share with twitter share with LinkedIn share with facebook
All news about NIKKEI 225
10/24JAPAN'S ANA TO CUT 3,500 JOBS IN 3 Y : Yomiuri
RE
10/23WALL STREET STOCK EXCHANGE : Stocks Snap Three-Week Winning Streak
DJ
10/23Investors left hanging as stimulus talks drag on
RE
10/23WALL STREET STOCK EXCHANGE : Stocks Snap Three-Week Winning Streak
DJ
10/23Investors left hanging as stimulus talks drag on
RE
10/23WALL STREET STOCK EXCHANGE : Stocks on Track to Snap Three-Week Winning Streak
DJ
10/23WALL STREET STOCK EXCHANGE : Stocks on Track to Snap Three-Week Winning Streak
DJ
10/23TODAY'S LOGISTICS REPORT : Tracking a Vaccine; Lasting Postal Slowdown; Megaship..
DJ
10/23WALL STREET STOCK EXCHANGE : Stocks on Track to Break Three-Week Winning Streak
DJ
10/23GLOBAL-MARKETS-Stocks rally, Treasury yields hit highs on stimulus hopes
RE
More news
News of the index components NIKKEI 225
05:09pNOMURA : MEDIA-Nomura seeks M&A bankers as Japan deals surge during pandemic - B..
RE
05:08aBASEBALL : Pacific League standings (Oct. 25)
AQ
04:27aGIRO D'ITALIA : NTT Pro Cycling 6th overall ahead of final stage NTT Pro Cycling..
AQ
10/24JAPAN'S ANA TO CUT 3,500 JOBS IN 3 Y : Yomiuri
RE
10/24Motor racing-Mercedes back Red Bull plan to take on Honda's engine
RE
10/24BASEBALL : Pacific League standings (Oct. 24)
AQ
10/23TOYOTA MOTOR : Shareholders & Investors News
PU
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
TrendsBullishBullishNeutral
Heatmap :