Japanese stocks fall over 'state of emergency' in Tokyo ahead of Olympics
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New Delhi, July 9 -- Stocks in Japan fell on Thursday as Prime Minister Yoshihide Suga announced a state of emergency in the capital city of Tokyo amid the spiking cases of the coronavirus disease (Covid-19), ahead of the Tokyo Olympics.
According to news agency Reuters, the Nikkei share average slipped 0.88% to 28,118.03, its lowest close in over two weeks. The broader Topix, on the other hand, was down 0.90% at 1,920.32.
Brokers pointed out Thursday that the stocks faced selling pressure from the outset with an impending state of emergency in Tokyo clouding the outlook. A report by The Mainichi on Thursday said that the decline was led by consumer credit issues, mining and air transportation.
This will be the fourth state of emergenc...
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