Tokyo stocks down with wary eyes on virus | Malay Mail

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TOKYO, Dec 21 — Tokyo stocks traded lower today as investors weighed the impact of spreading Covid-19 infections on the economy against the positive effects of new US and Japanese stimulus. The benchmark Nikkei 225 index opened higher, but soon dipped into negative territory, trading down 0.55...

The benchmark Nikkei 225 index opened higher, but soon dipped into negative territory, trading down 0.55 per cent or 147.47 points at 26,615.92 about an hour after the opening bell. — Reuters pic

The benchmark Nikkei 225 index opened higher, but soon dipped into negative territory, trading down 0.55 per cent or 147.47 points at 26,615.92 about an hour after the opening bell.Shortly before the Tokyo market opened, US lawmakers reached a deal for a nearly US$900 billion Covid-19 relief package for millions of Americans as the nation struggles against the world’s largest outbreak of the virus.

The US deal is “prompting purchases, but concerns over a rise in new cases of coronavirus infection at home and abroad are weighing on the market,” Mizuho Securities said in a note.

 

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