Nikkei hits one-month low as new variant spurs slowdown worries [Financial Post (Toronto, Ontario, Canada)]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
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Source: Financial Post
By 0205 GMT, the Nikkei share average dropped 2.3% to 28,829.95, its lowest since Oct. 29, while the broader Topix fell 1.81% to 1,989.03. Best gifts for fitness fanatics in 2021 Advertisement For the week, the Nikkei is set to lose 3%, while the Topix is on track to fall 2.7%. “The market's fundamentals have been weak as investors kept selling when the Nikkei got closer to 30,000,” said Kazuharu Konishi, head of equities at Mitsubishi UFJ Kokusai Asset management. Advertisement Article content “So, it easily got damaged by negative news, such as the one about new virus variant. Although it might be too rough to conclude that today's declines were only due to the virus.” The variant, detected by scientists in South Africa, may be able to evade immune responses and has prompted Britain to hurriedly introduce travel restrictions on South Africa. In Japan, heavyweights declined, with Uniqlo clothing store operator Fast Retailing losing 3.13%, technology investor SoftBa
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