Japanese Market Modestly Lower

(RTTNews) - The Japanese stock market is modestly lower on Thursday and the safe-haven yen strengthened following the weak cues overnight from Wall Street amid fading hopes of U.S. fiscal stimulus before next month's presidential election.

The continued surge in coronavirus cases and fresh lockdown restrictions in several places across the world also dampened sentiment.

The benchmark Nikkei 225 Index is down 67.61 points or 0.29 percent to 23,559.12, after falling to a low of 23,527.36 earlier. Japanese stocks reversed early losses to end marginally higher on Wednesday.

Market heavyweight SoftBank Group is losing more than 2 percent, while Fast Retailing is edging up 0.1 percent.

The major exporters are mixed on a stronger yen. Canon is advancing 0.7 percent and Panasonic is adding 0.6 percent, while Sony and Mitsubishi Electric are down 0.4 percent each.
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