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Japanese Market Modestly Lower

(RTTNews) - The Japanese stock market is trading modestly lower in choppy trading on Friday, extending the losses in the previous session, with the benchmark Nikkei 225 just below the 27,700 level, despite the broadly positive cues overnight from Wall Street, as traders remain cautious and continue to monitor the spread of the new coronavirus Omicron variant.

The benchmark Nikkei 225 Index is losing 59.79 points or 0.22 percent to 27,693.58, after hitting a low of 27,588.61 earlier. Japanese shares closed significantly lower on Thursday.

Market heavyweight SoftBank Group is losing more than 2 percent and Uniqlo operator Fast Retailing is down more than 1 percent. Among automakers, Honda is losing more than 1 percent, while Toyota is edging up 0.3 percent.

In the tech space, Advantest is losing more than 1 percent, Tokyo Electron is declining more than 3 percent and Screen Holdings is down almost 3 percent.

In the banking sector, Mitsubishi UFJ Financial is edging up 0.5 percent, while Mizuho Financial and Sumitomo Mitsui Financial are gaining more than 1 percent each.

Among major exporters, Panasonic is gaining more than 1 percent, Canon is edging up 0.1 percent and Mitsubishi Electric is edging up 0.5 percent. Sony is flat.
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