Nikkei Lower in Anticipation of Fed Chief Powell Speech

The Japanese stock market ended with a small loss on Thursday. Investors kept their powder dry while waiting for the negotiations in Europe on a Brexit deal, which will continue until Sunday.


Also in the United States, no agreement has yet been reached on an additional corona support package for the American economy. Also, the interest rate decision of the European Central Bank (ECB), which will be announced later today, was looked forward to.

The Nikkei in Tokyo finally closed 0.2 percent in the minus at 26,756.24 points. It was the fourth loss in the past five trading days. However, the Japanese main index is still moving around its highest level in more than 29 years, thanks in part to the positive developments around corona vaccines.

Heavyweight SoftBank continued to advance among the companies and made a price jump of almost 12 percent. The Japanese tech investor saw the value of its stake in DoorDash increase by more than $ 11 billion due to the successful IPO of the American meal delivery company in New York.

Elsewhere in the Asian region, stock market indicators also predominantly declined. The main index in Shanghai was 0.2 percent in the plus, and the Hang Seng index in Hong Kong lost 0.4 percent. The Kospi in Seoul fell 0.1 percent, and the Australian All Ordinaries in Sydney fell 0.7 percent.

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