Japanese Market Loses

(RTTNews) - The Japanese stock market is losing on Thursday after U.S. stocks closed sharply lower amid worries about the global economic recovery due to surging coronavirus cases and on uncertainty about new U.S. fiscal stimulus. Investors also turned cautious as they digested minutes of the Bank of Japan's July monetary policy meeting.

The benchmark Nikkei 225 Index is down 163.42 points or 0.70 percent to 23,183.07, after touching a low of 23,096.56 in early trades. Japanese shares ended little changed with a negative bias on Wednesday.

Market heavyweight SoftBank Group is losing more than 3 percent and Fast Retailing is down 0.3 percent.

The major exporters are lower despite a weaker yen. Panasonic and Mitsubishi Electric are declining more than 1 percent each, while Canon is lower by 0.4 percent and Sony is edging down 0.1 percent.

In the financial sector, Mitsubishi UFJ Financial is losing almost 1 percent and Sumitomo Mitsui Financial is down 0.4 percent.
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