The flagship Nikkei index lost 1.77% to 26,336.66 points and the broader Topix index lost 1.64% to 1,883.30 points.
The Tokyo Stock Exchange ended a series of three consecutive rising sessions on Tuesday, weighed down by concerns regarding the epidemic rebound in China and energy difficulties in Europe, and pending US inflation figures.
The flagship Nikkei index lost 1.77% to 26,336.66 points and the broader Topix index lost 1.64% to 1,883.30 points.
The market, reassured the day before by the victory in the senatorial elections of the ruling coalition in Japan and the prospect of stability for the government of Fumio Kishida, plunged in the face of fears regarding the global economy.
Investors are particularly concerned regarding the return of restrictions in China in the face of a local resurgence of Covid-19. Macau City on Monday began a week-long lockdown so far, which has sent shares of its Hong Kong casino groups plunging.
The Hang Seng index of the former British territory yielded 1% around 06:30 GMT.
Wall Street had finished down on Monday, while an acceleration of inflation in the United States in June is feared, which might push the American Federal Reserve (Fed) to intensify its monetary tightening even more than expected. The CPI index will be released on Wednesday.
“Concerns regarding the ability of the US economy to withstand rate hikes have resurfaced,” commented Kiyoshi Ishigane of Mitsubishi UFJ Kokusai Asset Management, quoted by the Bloomberg agency.
Today’s Value
SOFTBANK GROUP: the title of the Japanese giant of investments in new technologies SoftBank Group fell by 4.27% to 5,213 yen.
In addition to fears related to the global economy, the title was also penalized by the fall on Monday in Hong Kong and then on Wall Street of the Chinese Alibaba, which was fined by the Chinese regulatory authorities for not having declared certain transactions of appropriate way. SoftBank Group is the largest shareholder in the Chinese e-commerce giant.
On the side of oil and currencies
Oil was trending down: around 06:30 GMT the barrel of American WTI fell 1.91% to 102.10 dollars and the barrel of Brent from the North Sea dropped 1.73% to 105.25 dollars.
On the currency market, the yen was stable once morest the dollar, which was worth 137.45 yen around 06:40 GMT once morest 137.44 yen on Monday at 21:00 GMT.
The European currency fell slightly to 137.94 yen once morest 137.99 yen the day before, and to 1.0033 dollars for one euro once morest 1.0040 dollars the day before.
