TOKYO, July 12 ― Tokyo stocks opened lower today, extending Wall Street falls on news of another Covid-19 surge in China as investors awaited US inflation data later in the week.
Officials in Shanghai launched another mass-testing drive after recording about 120 new cases over the weekend, while casino centre Macau embarked on a week-long lockdown to curb its worst coronavirus outbreak yet. “Japanese shares are starting with falls following declines in US stocks, which were weighed down by China's Covid-19 restrictions following growing infections,” senior market analyst Toshiyuki Kanayama of Monex said in a commentary.
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