Tokyo: Stocks open lower with virus remaining in focus

Tokyo stocks drifted lower on Friday following a mixed close on Wall Street, as traders digested the latest economic data and coronavirus news.[TOKYO] Tokyo stocks drifted lower on Friday following a mixed close on Wall Street, as traders digested the latest economic data and coronavirus news.

The benchmark Nikkei 225 index was down 0.5 per cent or 93.24 points at 19,336.20 in early trade, while the broader Topix index lost 0.5 per cent or 7.60 points to 1,418.38. "Japanese shares are seen led by sell orders in early trade after a mixed performance in US shares," said Toshiyuki Kanayama, senior market analyst at Monex.

US stocks were strongly positive in early Thursday trade, but pulled back following reports that a closely-watched coronavirus drug being developed by Gilead Sciences failed in its first randomised clinical trial. Turning to Japan, authorities are closely watching next week's Golden Week holidays when people have ben asked to refrain from travelling.

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