October 1, 2020

The Tokyo Stock Exchange falls 3% in the opening after an increase in cases of COVID-19

The Tokyo Stock Exchange opened this Thursday with a drop of 3%, after an increase in the cases of COVID-19 in the Japanese capital led the authorities to request that they not leave home, raising concern about the impact on the economic activity.

After the first ten minutes of trading, the Nikkei benchmark index fell 630.74 points, 3.23%, to 18,915.89 points, below the psychological barrier of 19,000 integers.

The Topix, which groups the firms in the first section, those with the largest capitalization in the Japanese stock market, fell 31.98 points, 2.24%, and stood at 1,392.64 units.

Investors in Tokyo’s park responded with concern to an increase in cases of the new coronavirus in Japan, especially in Tokyo, where the governor, Yuriko Koike, asked the population the night before to telework as much as possible and refrain from doing unnecessary exits during the weekend.

The appeal for a semi-closure in the Japanese capital triggered concerns among investors about a potential impact on economic activity and the stock market.


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