Tokyo stocks open lower on renewed virus concerns

0 Comment(s)Print E-mail Xinhua, June 25, 2020
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TOKYO, June 25 (Xinhua) -- Tokyo stocks opened lower Thursday, following Wall Street slumping overnight amid renewed concerns over the spread of the novel coronavirus in the United States.

Investors sentiment here was dented amid concerns over possible business closures in the United States as some states have confirmed new daily infection records with others putting quarantine measures in place for visitors from hard-hit states sending travel-linked issues lower overnight.

The market mood was also soured following a spike in cases in Tokyo confirmed a day earlier, with the 55 new COVID-19 cases confirmed by the Tokyo metropolitan government marking the highest daily rise since May 5 amid ongoing concerns about a cluster of infections in a downtown entertainment spot.

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 209.12 points, or 0.93 percent, from Wednesday to 22,325.20.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 12.51 points, or 0.79 percent, at 1,567.99.

Air transportation, marine transportation and nonferrous metal-linked issues comprise those that declined the most in the opening minutes after the morning bell. Enditem

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