AIRLINK 172.75 Decreased By ▼ -2.98 (-1.7%)
BOP 13.24 Increased By ▲ 0.12 (0.91%)
CNERGY 7.41 Decreased By ▼ -0.13 (-1.72%)
FCCL 43.55 Decreased By ▼ -0.36 (-0.82%)
FFL 14.90 Decreased By ▼ -0.11 (-0.73%)
FLYNG 26.45 Decreased By ▼ -0.45 (-1.67%)
HUBC 129.58 Decreased By ▼ -0.65 (-0.5%)
HUMNL 13.35 Increased By ▲ 0.01 (0.07%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 6.04 Decreased By ▼ -0.02 (-0.33%)
MLCF 55.73 Decreased By ▼ -0.30 (-0.54%)
OGDC 212.50 Decreased By ▼ -2.27 (-1.06%)
PACE 5.91 Decreased By ▼ -0.07 (-1.17%)
PAEL 41.14 Increased By ▲ 0.24 (0.59%)
PIAHCLA 16.36 Increased By ▲ 0.04 (0.25%)
PIBTL 9.61 Decreased By ▼ -0.14 (-1.44%)
POWER 11.57 Decreased By ▼ -0.19 (-1.62%)
PPL 178.85 Decreased By ▼ -2.63 (-1.45%)
PRL 33.60 Decreased By ▼ -0.62 (-1.81%)
PTC 22.82 Decreased By ▼ -0.24 (-1.04%)
SEARL 94.30 Decreased By ▼ -1.42 (-1.48%)
SILK 1.17 Increased By ▲ 0.03 (2.63%)
SSGC 35.10 Decreased By ▼ -0.35 (-0.99%)
SYM 15.75 No Change ▼ 0.00 (0%)
TELE 7.82 Decreased By ▼ -0.05 (-0.64%)
TPLP 10.81 Decreased By ▼ -0.17 (-1.55%)
TRG 60.90 Increased By ▲ 0.40 (0.66%)
WAVESAPP 10.76 Decreased By ▼ -0.05 (-0.46%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
YOUW 3.80 Increased By ▲ 0.03 (0.8%)
BR100 12,027 Decreased By -26.7 (-0.22%)
BR30 36,333 Decreased By -134 (-0.37%)
KSE100 113,785 Decreased By -571.6 (-0.5%)
KSE30 35,088 Decreased By -258.9 (-0.73%)

TOKYO: Tokyo stocks closed lower Monday on the war in Ukraine and concern over surging Covid-19 cases in China.

The benchmark Nikkei 225 index was down 1.08 percent, or 293.48 points, to end at 26,799.71, while the broader Topix index slipped 0.86 percent, or 16.23 points, to 1,880.08.

The dollar fetched 126.59 yen against 126.46 yen late Friday in Asia.

“With investors spooked by growing tensions linked to the Ukraine situation and surging Covid cases in China, the Nikkei started trading sharply lower,” Okasan Online Securities said.

The sell-off then spread, particularly among growth stocks, and at one point the market hit lows that Toshikazu Horiuchi, a broker at IwaiCosmo Securities, called “greater than anticipated”.

Tokyo stocks close higher

Rising US yields and climbing oil prices also contributed to the falls, Horiuchi told AFP.

Many Japanese companies announce their earnings next week, a factor which added to investors’ reservations over buying stocks, he said.

SoftBank Group gave up 0.68 percent to 5,653 yen, Sony Group lost 0.66 percent to 11,140 yen and Toyota inched down 0.23 percent to 2,155 yen.

Uniqlo operator Fast Retailing declined 1.24 percent to 64,000 yen and Toshiba slipped 0.84 percent to 5,056 yen.

Drugmaker Shionogi was down 0.35 percent at 6,786 yen after a report said the Japanese health ministry may apply an emergency approval rule for its Covid pill.

Comments

Comments are closed.