AGL 6.74 Decreased By ▼ -0.09 (-1.32%)
ANL 9.32 Decreased By ▼ -0.05 (-0.53%)
AVN 80.45 Increased By ▲ 2.70 (3.47%)
BOP 5.41 Decreased By ▼ -0.01 (-0.18%)
CNERGY 4.96 No Change ▼ 0.00 (0%)
EFERT 79.91 Increased By ▲ 2.01 (2.58%)
EPCL 56.33 Increased By ▲ 0.57 (1.02%)
FCCL 15.87 Increased By ▲ 0.57 (3.73%)
FFL 6.35 Decreased By ▼ -0.02 (-0.31%)
FLYNG 8.30 Increased By ▲ 0.11 (1.34%)
GGGL 10.08 Decreased By ▼ -0.24 (-2.33%)
GGL 16.26 Decreased By ▼ -0.39 (-2.34%)
GTECH 8.48 Decreased By ▼ -0.71 (-7.73%)
HUMNL 6.39 Increased By ▲ 0.03 (0.47%)
KEL 2.98 Increased By ▲ 0.04 (1.36%)
LOTCHEM 28.89 Decreased By ▼ -0.01 (-0.03%)
MLCF 28.65 Increased By ▲ 0.85 (3.06%)
OGDC 74.50 Decreased By ▼ -0.10 (-0.13%)
PAEL 16.13 Increased By ▲ 0.12 (0.75%)
PIBTL 5.65 Increased By ▲ 0.11 (1.99%)
PRL 16.98 Increased By ▲ 0.06 (0.35%)
SILK 1.19 Increased By ▲ 0.08 (7.21%)
TELE 11.45 Increased By ▲ 0.48 (4.38%)
TPL 8.00 Decreased By ▼ -0.01 (-0.12%)
TPLP 21.35 Increased By ▲ 0.40 (1.91%)
TREET 23.10 Decreased By ▼ -0.15 (-0.65%)
TRG 143.91 Increased By ▲ 9.31 (6.92%)
UNITY 23.01 Decreased By ▼ -0.48 (-2.04%)
WAVES 11.60 Increased By ▲ 0.10 (0.87%)
WTL 1.57 Decreased By ▼ -0.10 (-5.99%)
BR100 4,180 Increased By 29.7 (0.72%)
BR30 16,201 Increased By 371.6 (2.35%)
KSE100 41,611 Increased By 261 (0.63%)
KSE30 15,604 Increased By 126.9 (0.82%)
Markets

Japanese shares fall as COVID-19 worries weigh

  • A weak finish on the Dow Jones Industrial Average overnight also weighed on the Nikkei
Published August 31, 2021
Follow us

TOKYO: Japanese shares fell on Tuesday, dragged by transport and department stores' stocks, as worries over surging cases of COVID-19 persisted.

The Nikkei share average slipped 0.21% to 27,730.54 by 0202 GMT, setting the index to close lower on the last trading day of the month for a 12th straight month. The broader Topix was down 0.35% to 1,943.29.

A weak finish on the Dow Jones Industrial Average overnight also weighed on the Nikkei.

"Shares that would benefit from an economic reopening fell as there are still concerns about the pandemic deepening," said Tomoichiro Kubota, senior market analyst at Matsui Securities.

Japanese stocks end higher on Wall St gains

"For example, we had a news about a new mutation of the Delta variant being found in Japan. We can never fell relaxed about the pandemic."

A Tokyo-based university found a new mutation of the Delta variant, public broadcaster NHK reported on Monday, adding that further research is needed to determine its infectiousness and impact.

Severe COVID-19 cases are at record levels in Japan, leaving many people to recuperate at home amid a shortage of critical-care beds. Only 44% of its population has been fully vaccinated, lagging inoculation rates of several developed countries.

Airlines and railways dragged the Nikkei the most, with Japan Airlines and ANA Holdings losing 1.89% and 1.99%, respectively.

Odakyu Electric Railway, which runs railway services and department stores, slid 4.08%. Keio and Tobu Railway, which have similar business models as Odakyu, fell 4.39% and 3.54%, respectively.

Other department store chains also fell, with Takashimaya losing 2.59% and Isetan Mitsukoshi Holdings falling 2.26%.

Shippers and steel makers climbed. Mitsui OSK Lines rose 3.4%, while Nippon Yusen gained 2.68%.

JFE Holdings gained 3.53% and Nippon Steel rose 3.44%.

Comments

Comments are closed.