TOKYO, Aug 16 — Tokyo stocks opened lower today as concerns over rising coronavirus cases in Japan continued to weigh on the market.
Analysts are “worried over the economic impact of record coronavirus cases in Japan”, Okasan Online Securities noted. The cabinet office released data today showing the world’s third-largest economy grew 0.3 per cent in the three months to June, slightly more than expected despite the virus surge and new restrictions.
The University of Michigan reported its consumer sentiment index plunged to its lowest level in a decade as the Delta variant continues to spread.
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