Tokyo stocks close down ahead of earnings season | The Guardian Nigeria News - Nigeria and World News

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Tokyo stocks erased early gains and closed lower on Monday in sluggish trade, with investors cautious ahead of Japan's corporate results season.

An electronic quotation board displays share prices with a level of 30,000 yen on the Tokyo Stock Exchange in Tokyo on February 15, 2021.

But they soon gave up early gains, and closed in negative territory as declines on US stock futures and weak Asian shares dampened buying sentiment. Investors were watching rising Covid-19 infections in Japan, where fresh restrictions came into effect in several places including Tokyo on Monday, as the first elderly citizens got their shots.The market was also eyeing a summit between US President Joe Biden and Japan’s Prime Minister Yoshihide Suga later this week in Washington.

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