Japan stocks lower amid concerns over Tokyo’s isolation
US, WASHINGTON (ORDO NEWS) — Japanese stocks fell on Wednesday, the first day of the new fiscal year, as investors prepared for the potential isolation of Tokyo, a global recession and a sharp reduction in corporate profits and dividend payments in connection with the coronavirus pandemic.
The Nikkei Index lost 4.5%, dropping to a weekly low of close at 18.065.41 points. However, in general, trading was restrained: the volume of shares traded on the main platform amounted to 2.72 trillion yen, which is the lowest level for the month.
The broader Topix index lost 3.7% to 1.351.08 points, the lowest closing level in a week. At the same time, all 33 sub-indexes of the Tokyo Stock Exchange sectors ended the session in negative territory.
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