Tokyo Stock Exchange down on health crisis

On Monday, the Tokyo Stock Exchange fell sharply, a decline that can be explained by the strong epidemic recovery in Japan. On Friday, the authorities extended the state of emergency to six of the country’s departments, with three more to come.


The health situation in Japan continues to deteriorate, putting a question mark over the 2020 Olympic Games. “We have decided to add the counties of Hokkaido, Okayama and Hiroshima to those already under a state of emergency,” said Japanese Prime Minister Yoshihide Suga until 31 May. This explains the downward trend in the stock market, in the face of strong fears of a continuing pandemic.


The leading Nikkei index was down 0.53 percent at 27,935.72 points around 01:20 GMT while the broader Topix index lost 0.09 percent at 1,881.71 points. The Nikkei is the main stock index of the Tokyo Stock Exchange.


Compared to the values


This Friday, the brand Honda declared a strong increase in sales profit, but their statements remain nuanced. At issue: the evolution of the pandemic in the country. Toshiba expects to bounce back from Friday’s results.


In relation to currencies


The yen was relatively stable against the dollar, at 109.39 yen to the dollar from 109.35 yen on Friday.


The Tokyo Stock Exchange is subject to frequent changes, depending on the evolution of the Covid-19 pandemic in Japan.




Featured Photo : © Press


The editorial team
The editorial team
Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

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