Economy News Shares

Tokyo declares a state of emergency. Nikkei drops.


Tokyo declares a state of emergency, fearing a delayed economic recovery. Tokyo’s stock exchange is also shaken by the outbreak of the delta mutation.

Japan expected to declare state of emergency over coronavirus delta mutation.

The Tokyo stock market plunged on the 9th, as major global stock markets fell on fears about the spread of the delta Corona 19 mutation.

The Nikkei Average Index opened at 27,800 yen, 300 yen lower than yesterday’s close, and 533.82 yen (-1.90%) at 10:15 a.m. The value has fallen to 27,584.21 yen. Since the 21st of last month, this is the first time it has fallen below 28,000 yen during a day in about 20 days.

New York Stock Exchange closed lower on the 8th (local time) due to concerns about the delta shift and the slowdown in the economy, while the Tokyo Stock Exchange is also experiencing turbulence.
Dow Jones Industrial Average closed at 34,421.93 down 259.86 points (0.75%) from the previous day. The Standard & Poor’s (S&P) 500 Index lost 37.31 points (0.86%) from the battleground to 4320.82, while the tech-centric Nasdaq Index closed at 14,559.78, down 105.28 points (0.72%).

The Japanese government declared a fourth state of emergency in Tokyo from the 12th to the 22nd of next month, increasing the negative outlook for the economic recovery.

For MetaNews.


Jonathan Hobbs

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

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