Business & Economy

Tokyo Stock Exchange loses 0.7 percent after Trump’s contagion

Tokyo, Oct 2 (efe-epa).- The Tokyo Stock Exchange registered Friday a 0.67 percent drop in its main indicator, the Nikkei, after closing due to a technical failure on Thursday and shortly after United States President Donald Trump announced he tested positive for coronavirus.

The benchmark index ended with a decrease of 155.22 points, to 23,029.90 integers, while the Topix, a broader index that includes the highest priced values of the first section, fell 16.27 points, 1 percent, to 1,609.22 units.

The Nikkei began Friday on the rise after the Tokyo stock market suspended all transactions the day before due to the largest technical failure suffered to date, and remained positive until the final section of trading, which coincided with Trump’s Twitter announcement.

The closure the day before was due to a failure in one of its 350 servers connected to the internal network, which for the first time forced the Tokyo Stock Exchange to cancel all operations during a specific day since its system was computerized in 1999.

On Friday, gains predominated during most of the negotiation and in almost all sectors, led by maritime transport, air transport and real estate.

However, there was a shock for investors in the last hour of the session with Trump’s contagion announcement, which adds even more uncertainty to the political situation in US after the chaotic debate held this week by Trump and democratic candidate for the November election, Joe Biden.

There were mixed results among the stocks with the highest capitalization. Japan’s auto leader Toyota Motor lost 0.59 percent, while the benchmark in Tokyo Softbank gained 0.83 percent.

The first Japanese mobile phone operator, NTT Docomo, lost 0.18 percent, and video game developer Nintendo fell 2.45 percent.

The textile multinational Fast Retailing, owner of the clothing store chain Uniqlo, saved the day with an advance of 0.97 percent.

In the first section, 399 values ??rose, 1,729 fell, and 49 ended unchanged.

Trading volume amounted to 2.86 trillion yen (23,189 million euros / 27,704 million dollars). EFE-EPA


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