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Tokyo stocks close lower after US falls

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TOKYO, July 12 ― Tokyo stocks closed lower today, tracking Wall Street falls with risk-averse sentiment growing among investors over a fresh Covid-19 flare-up in China. The...

TOKYO, July 12 ― Tokyo stocks closed lower today, tracking Wall Street falls with risk-averse sentiment growing among investors over a fresh Covid-19 flare-up in China.

Shares were pushed downwards by falls in the United States and Europe, where sell-offs proliferated “on concerns over a global economic downturn”, Okasan Online Securities said.Economic slowdown concerns largely overshadowed any hopes for political stability sparked by the strong win of Japan's ruling bloc in Sunday's upper house election, analysts said.

The dollar stood at ¥137.37 , against ¥137.41 in New York, and US Treasury Secretary Janet Yellen held talks with Japan's Finance Minister Shunichi Suzuki in Tokyo this afternoon.

 

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