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About: http://data.cimple.eu/news-article/278bdba4d33c758f31dbcfc33b094245093db11c8a65b472057d2370 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Tokyo stocks snapped a three-day winning streak on Friday as investors locked in profits while concerns over the economic impact of the coronavirus outbreak eased. The benchmark Nikkei 225 index slipped 0.19 percent, or 45.61 points, to 23,827.98. Over the week, it rallied 2.68 percent. The broader Topix index lost 0.28 percent, or 4.84 points, to 1,732.14, chalking up a weekly gain of 2.83 percent. As for Friday's drop, Makoto Sengoku, market analyst at Tokai Tokyo Research Institute, said it was "a reaction to the recent rises". "Today's drop is not so big considering the Nikkei rose nearly 600 points yesterday alone," he noted, arguing that market sentiment was not bad. Okasan Online Securities said in a note that "the market is now in a phase to roll back bearish positions linked to the new virus". In the afternoon, traders were sitting on their hands ahead of the weekend and before the release later in the day of key US jobs data, said Okasan Online's chief strategist Yoshihiro Ito. The dollar was quoted at 109.94 yen against 109.97 yen in New York. Some exporters lost ground owing to the expected impact of the virus. Honda dropped 2.70 percent to 2,857.5 yen after the Nikkei business daily reported it will extend its Wuhan plant closure at least until late February. Toyota dipped 0.65 percent to 7,862 yen after the auto giant said it would keep its Chinese factories shut until February 16, extending its suspension by a week. And Nintendo lost 0.97 percent to 40,500 yen after the game giant warned of a supply shortage of its popular Switch console and controllers in Japan caused by "inevitable" delays in production and shipments from factories in China. There will be no major impact on supplies to the US and European markets but a shortage is also expected in some parts of Asia including Hong Kong, Singapore, South Korea and Taiwan, according to a Nintendo spokesman. IT investor SoftBank Group jumped 7.12 percent to 5,064 yen after news US hedge fund Elliott Management has built a more than $2.5-billion stake in the Japanese group. mis/ric/dan
schema:headline	Tokyo shares close lower as investors take profits
schema:mentions	Management information system Honda Hedge fund Toyota Nintendo Information technology Asia Taiwan South Korea Singapore United States dollar Hong Kong Wuhan Japan New York City Virus China Severe acute respiratory syndrome coronavirus 2 Elliott Management Corporation Warchalking 2008 Japanese Regional Leagues List of Persona 5 characters Market sentiment Yoshihiro Ito (racing driver) SoftBank Group Japanese yen Nikkei 225 Tokyo Stock Exchange Market trend
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-07 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	50 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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