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Nikkei inches higher amid continued worries over virus spread

Published 22/06/2020, 04:35
© Reuters.
JP225
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AAPL
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ESZ24
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TOPX
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6502
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6770
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6981
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6963
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IPHAM.T
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ISTEL.T
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TOKYO, June 22 (Reuters) - Japan's Nikkei average .N225
edged higher on Monday, moving in a narrow range, while
investors remained concerned over rising number of coronavirus
cases.
The benchmark index rose 0.09% to 22,49.32 by the midday
break, tracking a 0.4% gain in U.S. S&P 500 futures Esc1 .
On the Nikkei index, there were 105 advancers against 116
decliners.
Investors remained cautious as the World Health Organization
reported a record increase in global coronavirus cases on
Sunday, with the biggest in North and South America.
Sentiments also soured after Apple Inc AAPL.O announced a
temporary shutdown on Friday of its 11 stores in Florida,
Arizona, South Carolina and North Carolina.
Apple Inc's store closure announcement resulted in a fall in
Apple-related stocks in Japan, with Alps Alpine 6770.T falling
1.25%, Murata Manufacturing Co Ltd 6981.T dipping 1.01% and
Rohm Co Ltd 6963.T edging 0.67% lower.
In the broader market, Topix .TOPX fell 0.04% to 1,582.17,
with almost a half of 33 sector sub-indexes on the Tokyo
exchange in negative territory.
Steelmakers .ISTEL.T and pharmaceutical .IPHAM.T sectors
were the biggest advancers among the Tokyo Stock Exchange's
subindexes, each notching up 1.39% and 1.26% respectively.
Toshiba Corp 6502.T jumped 6.28% after the company
announced in a statement that it plans to monetise its stake in
former flash memory chips unit Kioxia Holdings and return a
majority of the net proceeds to shareholders.

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