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Tokyo stocks extend losses in lethargic trading

The market turned lethargic in the afternoon due chiefly to the absence of fresh trading incentives, they added. (AFP)
The market turned lethargic in the afternoon due chiefly to the absence of fresh trading incentives, they added. (AFP)
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12 Oct 2020 04:10:28 GMT9
12 Oct 2020 04:10:28 GMT9

TOKYO: Tokyo stocks lost another ground Monday amid a dearth of market-moving factors.

The Nikkei average of 225 selected issues listed on the first section of the Tokyo Stock Exchange fell 61 points, or 0.26 percent, to close at 23,558.69, after the benchmark index gave up 27.38 points Friday.

The TOPIX index of all TSE first-section issues closed down 4.03 points, or 0.24 percent, at 1,643.35, following an 8.09-point drop the previous trading day.

Despite Wall Street’s three-day rally until Friday on the back of expectations for a fresh coronavirus relief package, investors in the morning opted to lock in gains from a bull run on the Tokyo market last week, brokers said.

The market turned lethargic in the afternoon due chiefly to the absence of fresh trading incentives, they added.

JIJI Press

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