Nikkei closes lower after negative data from Japan

Friday, 22. January 2021 07:33

Major stock markets in the Asia-Pacific region traded lower on Friday as the coronavirus pandemic continued to prompt concerns among investors. The Nikkei plunged following negative data coming from Japan on the inflation and manufacturing outlook, while reports suggested Tokyo Olympic Games might not be held this year.

International Olympic Committee chief Thomas Bach rejected the reports shortly after, saying that there is no reason to believe that the Olympics will not open on July 23 as scheduled. The event was postponed last year due to the coronavirus pandemic.

The Nikkei 225 closed 0.44% or 125 points lower, while the S&P/ASX 200 fell 0.34% at its closing bell. The Shanghai Composite traded 0.54% lower and the Shenzhen Composite declined 0.09% at 7:14 am CET. Finally, Hang Seng sank 1.36% or 410 points and the Kospi Composite was down 0.64% at 7:30 am CET. Meanwhile, the dollar gained 0.12% to sell for ¥103.6180 a minute later.

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Breaking the News / ND