The Stock Market in Japan Ended A Four-Day Profit Series on Thursday

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The stock market in Japan ended a four-day profit series on Thursday. The other exchanges in the Asian region improved.

 

The hope that the corona pandemic is approaching its peak and that governments will take more aid measures has raised some optimism. Positive voices about a possible deal from OPEC and other oil countries to cut production also supported the trade.

Also, US weekly unemployment claims were looked forward to, which had already seen a historic increase in the past two weeks due to the corona crisis.

Tokyo’s leading Nikkei eventually closed a fraction lower at 19,345.77 points, after gaining over 8 percent in the past four trading days.

Japanese central bank governor Haruhiko Kuroda said the Japanese economy is being struck by the virus outbreak and warned that uncertainty about the economic outlook is exceptionally high.

The Japanese government announced a state of emergency this week in Tokyo and other parts of the country following an increase in corona infections.

The stock market indicator in Shanghai was 0.5 percent higher in the meantime, and the Hang Seng index climbed 0.6 percent in Hong Kong. The Kospi in Seoul is over 1 percent thick. The South Korean central bank left interest rates unchanged as expected.

In Sydney, the All Ordinaries rose 2.6 percent. The stock exchanges in Hong Kong and Sydney are closed on Good Friday like many European and American stock exchanges. The markets in Tokyo, Shanghai and Seoul are open on Friday.

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