The Japanese Nikkei index fell on Tuesday for the third day in a row, amid concerns regarding growth related to the tightening of US monetary policy and the imposition of strict restrictions to combat the spread of Covid-19 in China, and the Nikkei index closed down 1.32% at 26,629.86 points, following falling 2.19% earlier in the session, which is The lowest level since May 19, and the broader Topix index fell 1.19% to 1878.45 points.
The technology sector was among the worst performing sectors on the Nikkei index, as it fell 1.95%, while the healthcare index declined by 2.18%, and the real estate index was the most declining, down 2.97%, and even financial stocks gave up the gains recorded earlier in the session, and the sector index ended transactions down 0.14 %.
The share of Tokyo Electron, the manufacturer of electronic chips, fell by 2.84%, and was the most declining on the Nikkei index, and the SoftBank Investment Group fell 2.56%, and the shares related to travel were also affected, and ANA Holdings Aviation share fell by 3.61%, while the share of Japan Airlines (Japan Airlines) fell ( Japan Airlines) 2.56%.
The Chinese capital, Beijing, is experiencing the impact of examining millions of residents in an attempt to limit the spread of Covid-19 infection, and the Vice President of the Chinese government said: “There is a need to tighten prevention measures and limit the spread of the disease.” At the same time, investors are preparing to raise the interest rate by 150 points. The basis during two meetings of the Federal Open Market Committee in the United States, one of which ends on Wednesday and the other to be held next month.
(Archyde.com)
