Investing.com - Financial Markets Worldwide

Japanese shares edge higher, concerns over PM Abe's health weigh

Published 24/08/2020, 04:32
© Reuters.
JP225
-
TOPX
-
8750
-
6367
-
8031
-
4021
-
7974
-

TOKYO, Aug 24 (Reuters) - Japanese shares inched up on
Monday in line with gains in e-mini futures, but rising
speculations around Prime Minister Shinzo Abe's health weighed
on sentiment.
The benchmark Nikkei share average .N225 rose 0.33% to
22.996.44 by the midday break, with 105 advancers on the index
against 113 decliners.
The broader Topix .TOPX gained 0.22% to 1,607.64. About
half of the 33 sector sub-indexes on the Tokyo exchange traded
higher.
E-mini futures for the S&P 500 EScv1 rose 0.28%, which
created a tailwind to the market.
Investors were wary after Japanese Prime Minister Abe
entered a Tokyo hospital to receive a follow-up medical
examination from last week.
Last week's medical check-up lasted seven-and-a-half hours,
stoking concerns about Abe's ability to continue as leader due
to health issues and fatigue from handling the COVID-19 crisis.
Abe, already Japan's longest-serving prime minister,
surpassed a half-century-old record set by his great-uncle
Eisaku Sato for the longest consecutive tenure as premier on
Monday, adding to speculation he may resign after reaching the
milestone. Investors also await Federal Reserve Chairman Jerome
Powell's address at the Kansas City Fed Jackson Hole symposium
on Thursday for clues on the outlook for U.S. monetary policy.
The stocks that gained the most among the top 30 core Topix
names were Nintendo Co Ltd 7974.T up 4.28 %, followed by
Mitsui & Co Ltd 8031.T .
The largest percentage gainers in the index were Nissan
Chemical Corp 4021.T up 2.76%, followed by Dai-ichi Life
Holdings Inc 8750.T rising 2.73 % and Daikin Industries Ltd
6367.T up by 2.31%.


Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.