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

Nikkei ticks down on virus and stimulus worries after long weekend

09/23/2020 | 02:52am EDT

TOKYO, Sept 23 (Reuters) - Japanese shares eased on Wednesday as the market caught up with the losses in global markets following the country's long weekend, weighed down by fears about rising coronavirus infections and a delay in U.S. fiscal stimulus.

Automakers and other value shares fell the most, but losses were capped as gaming companies and internet-related stocks outperformed on worries about the COVID-19 pandemic.

The Nikkei share average shed 0.06% on its first trade since Friday to 23,346.49. The broader Topix was down 0.13% at 1,644.25.

"There are worries that coronavirus infections could rise as the temperature cools down. In addition, investors worry about a delay in U.S. stimulus, given that it was the massive economic package that has supported the market," said Fumio Matsumoto, chief strategist at Okasan Securities.

The UK government tightened social restrictions to curb rises in COVID-19 cases, while many U.S. stimulus programmes have lapsed with the Congress unable to clinch another deal.

Concerns that the economy could suffer from a fresh wave of infections without government support poured cold water on cyclical value shares, such as automakers.

The Topix value index lost 0.70%, compared with a 0.34% gain in growth shares.

Suzuki Motor declined 3.6%, while Honda Motor and Nissan Motor dropped 2.8% and 3.2%, respectively.

Panasonic fell 3.7% after Tesla Inc CEO Elon Musk said its highly anticipated new low-cost battery could take three years.

On the other hand, investors flocked to stay-at-home winners such as gaming companies. Bandai Namco rose 3.4% and Cyber Agent gained 6.0%.

Internet infrastructure companies also did well, with NTT Data rising 3.4%.

Fujifilm jumped 4.9% after the company said a late-stage study of its antiviral drug Avigan showed it was effective against COVID-19.

Home furnishing store operator Shimachu rose 17.4%, its daily limit, after local media reported rival DCM Holdings was considering a tender offer for the firm.

DCM also rose 13.2% on hopes of consolidation. (Reporting by Hideyuki Sano; Editing by Shounak Dasgupta and Devika Syamnath)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BANDAI NAMCO HOLDINGS INC. -3.88% 7956 End-of-day quote.-10.87%
CYBERAGENT, INC. 2.03% 2208 End-of-day quote.24.22%
DCM HOLDINGS CO., LTD. 0.10% 1051 End-of-day quote.-10.86%
FUJIFILM HOLDINGS CORPORATION 0.69% 7860 End-of-day quote.44.54%
HONDA MOTOR CO., LTD. -0.03% 3584 End-of-day quote.24.55%
NIKKEI 225 0.96% 29441.3 Real-time Quote.5.48%
NISSAN MOTOR CO., LTD. 1.18% 555.3 End-of-day quote.-0.84%
NTT DATA CORPORATION -0.92% 1727 End-of-day quote.22.40%
OKASAN SECURITIES GROUP INC. -0.23% 426 End-of-day quote.13.60%
PANASONIC CORPORATION 1.12% 1260 End-of-day quote.5.84%
SUZUKI MOTOR CORPORATION -0.55% 4734 End-of-day quote.-1.00%
TESLA, INC. 1.28% 617.69 Delayed Quote.-12.47%
All news about NIKKEI 225
02:50aJapanese shares track Nasdaq higher, drug makers shine
RE
02:46aNIKKEI 225  : Japan Index Closes Higher on Tuesday; Toshiba Sends Out Apology
MT
02:24aNIKKEI 225  : Japan Shares Climb Tuesday as Country's Daily COVID-19 Cases Fall ..
MT
02:13aAsian shares mixed, dollar strong as investors eye Fed meeting
RE
02:07aAsian shares mixed, dollar strong as investors eye Fed meeting
RE
06/14SINGAPORE EXCHANGE  : Introduces World's First ESG REIT Derivatives, Shares Jump..
MT
06/14MARKET CHATTER : Black Market Emerges as Shenzhen Cracks Down on Housing Market
MT
06/14Japanese shares rally; property developers, growth stocks lead gains
RE
06/14Japan's nikkei average futures up 0.4% in early trade
RE
06/14Wall Street in Holding Pattern Pre-Bell, Fed Meeting Eyed
MT
More news
News of the index components NIKKEI 225
03:47aKDDI  : LINX and TELEHOUSE NYIIX Partner to Strengthen US Interconnection Servic..
AQ
03:37aMIZUHO FINANCIAL  : corporate culture the root cause of repeated system failures..
RE
03:10aNEC  : Vodafone names NEC as a key partner for 5G massive MIMO radio units suppo..
PU
03:08aBRIDGESTONE  : Announces its Progress of Rebuilding Earning Power Based on Mid T..
PU
03:04aNISSAN MOTOR  : e.dams to race on new circuit for Formula E Mexico E-Prix
PU
02:50aJapanese shares track Nasdaq higher, drug makers shine
RE
02:32aTAKASHIMAYA  : monthly sales report May.2021
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
TrendsBearishNeutralBullish
Top / Flop NIKKEI 225
Heatmap :