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TOKYO, Nov 22 (Reuters) – Japanese stocks fell on Monday, tracking the Dow’s losses at the end of last week amid renewed coronavirus concerns, while chip-related shares followed their U.S. peers higher.
Broader investor sentiment was also hit as Austria announced new restrictions to deal with rising COVID-19 cases, while there were fears Germany could follow suit. read more
“Investor sentiment was weighed down by the Dow’s decline, which was hurt by concerns over the resurgence of COVID-19,” said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
“The hurdle for the Nikkei to climb over the 30,000 level is getting higher as investors seem to be under pressure to sell stocks when the Nikkei moves closer to that level.”
Japan Steel Works (5631.T) rose 4.87% and was the biggest percentage gainer on the Nikkei, followed by Nippon Electric Glass Co Ltd (5214.T), up 3.98%, and Nippon Sheet Glass (5202.T), which climbed 3.37%.
There were 78 advancers on the Nikkei index against 140 decliners.
Editing by Subhranshu Sahu
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