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About: http://data.cimple.eu/news-article/b5ef0ba9689b8b188b4da5ba0d5aaf16d699200f33486d56ffe25585 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Tokyo's benchmark stock index closed down more than one percent on Wednesday, hit by fears that an expected strong recovery in the global economy will fan inflation. The Nikkei 225 index slipped 1.61 percent, or 484.33 points, to 29,671.70, while the broader Topix index was down 1.82 percent, or 35.28 points, at 1,903.07. Markets have become jittery over prospects that pandemic recovery will send prices soaring and lead to a hike in lending rates -- especially in the United States, where Congress is moving forward on a $1.9-billion stimulus plan. "The market is increasingly expecting inflation, and higher yields are a negative factor for fast-growing shares such as the IT and high-tech sectors," said senior strategist Yoshihiro Ito of Okasan Online Securities. US shares largely recouped early losses Tuesday after Federal Reserve chief Jerome Powell tamped down inflation worries, but the tech-rich Nasdaq index closed lower. "Concerns over interest rates prompted investors to lock in profits" in Tokyo, Toshikazu Horiuchi, a broker at IwaiCosmo Securities, told AFP. "It may take some time for the market to calm down from its recent overheat." The dollar fetched 105.53 yen, against 105.19 yen in New York late Tuesday. Chip-testing equipment maker Advantest lost 3.30 percent to 9,350 yen, while industrial robot maker Fanuc dropped 4.65 percent to 26,300 yen. SoftBank Group, which has invested in tech firms and start-ups, dropped 5.20 percent to 9,982 yen. Sony slumped 5.46 percent to 11,325 yen on profit-taking with Nintendo down 2.33 percent at 66,440 yen. Toshiba lost 1.28 percent to 3,455 yen after a report said the engineering firm is in talks with General Electric about joint production of offshore wind power facilities. si/kaf/dan
schema:headline	Tokyo's Nikkei ends sharply lower
schema:mentions	NASDAQ Offshore wind power General Electric Sony Agence France-Presse Nintendo Information technology Federal Reserve Inflation United States dollar United States Congress New York City Pandemic United States FANUC Industrial robot Advantest Yoshihiro Ito (racing driver) Toshiba The Nikkei Maritime transport SoftBank Group Jerome Powell Japanese yen Nikkei 225 Tokyo Stock Exchange
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-24 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	49 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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