About: http://data.cimple.eu/news-article/ee9dd42ce08b9b7345404879ae144a1b4c9e704dadd3a568979a5d6f

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About: http://data.cimple.eu/news-article/ee9dd42ce08b9b7345404879ae144a1b4c9e704dadd3a568979a5d6f Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Tokyo's benchmark Nikkei index ended down over 1.2 percent on Thursday after European and US stock markets plunged on worries over resurgent coronavirus infections. The Nikkei 225 fell 1.22 percent, or 274.53 points, to close at 22,259.79 while the broader Topix index was down 1.18 percent, or 18.65 points, at 1,561.85. "Risk sentiment reversed sharply overnight as virus cases rising in the US endangers the pace of the tentative recovery seen in the data to date," said Tapas Strickland, director of economics and markets at National Australia Bank. "We had been noting for some time that markets were trying to grapple with the implications of rising virus cases given the high bar to re-impose restrictions. "What changed overnight were signs of companies and consumers appearing to act ahead of officials," he said in a commentary, pointing to a dive in restaurant bookings and Nike closing several stores. Key indexes on Wall Street plunged more than two percent Wednesday, while European markets sank amid virus fears and rekindled trade tensions between Brussels and Washington. The US government said it is considering new taxes on $3.1 billion in European imports amid a dispute over subsidies to plane maker Airbus, just days after the EU indicated it plans to move forward on a digital tax that would primarily hit US tech titans. Updated IMF economic forecasts also hit investor sentiment, with the institution predicting the global economy would contract by 4.9 percent this year and warning the downturn is a "crisis like no other". The dollar was trading at 107.16 yen in Asian afternoon trade, compared with 107.05 yen in New York Thursday afternoon. In Tokyo, NEC jumped 2.37 percent to 5,170 yen after the electronics giant said it was talking with telecom group NTT on a capital and business tie-up for 5G wireless technology development. Local media said the two firms were expected to announce the deal later in the day. NTT slipped 0.71 percent to 2,491 yen. Automakers and airlines were sharply lower, with Toyota Motor down 2.60 percent at 6,795 yen and Japan Airlines off 4.12 percent at 1,975.5 yen. Olympus jumped 11.15 percent to 2,132.5 yen after it announced plans to sell its struggling camera division to focus on medical equipment. mis-si/sah/qan
schema:headline	Tokyo's Nikkei closes down more than 1.2 percent
schema:mentions	Nippon Telegraph and Telephone Tapas Computer virus Toyota MIM-3 Nike Ajax Brussels Asia International Monetary Fund University of Washington United States dollar European Union 5G New York City Severe acute respiratory syndrome coronavirus 2 Olympus Corporation NEC Digital electronics Japan Airlines Thursday Afternoon The Nikkei National Australia Bank Japanese yen Nikkei 225 Tokyo Stock Exchange
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	55 (xsd:integer)

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