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The Japanese Stock Market Ended Lower on Wednesday

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The Japanese stock market ended lower on Wednesday. The continued increase in the number of corona infections worldwide and the stricter measures to contain the virus caused reluctance among investors.

 

The virus is also flaring up again in the Japanese capital Tokyo and the alarm level will probably be raised to the highest level.

The indicators have recently experienced a substantial rise, due to the optimism about corona vaccines from pharmaceuticals Pfizer and Moderna. Tokyo’s leading Nikkei finally closed with a loss of 1.1 percent at 25,728.14 points.

Japan’s leading index is already up more than 12 percent in November, closing Tuesday at its highest level since May 14, 1991.

The Japanese export companies were under pressure despite better than expected Japanese export figures. The country’s exports fell by just 0.2 percent in October, after falling 4.9 percent a month earlier.

Economists had expected a decrease of 4.5 percent—strong car sales to China and the US-supported exports. However, automakers such as Toyota and Honda lost up to nearly 4 percent due to appreciation of the Japanese yen.

The other major stock exchanges in the Asian region showed mostly slight progress. The main index in Shanghai was 0.3 percent in the plus, and the Hang Seng index in Hong Kong climbed 0.2 percent. The Kospi in Seoul won 0.3 percent, and in Sydney, the Australian All Ordinaries rose 0.5 percent.

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