Nikkei has sinked to one-month low on new viruses - this new virus variant is undergoing a tough era

Nikkei has sinked to one-month low on new viruses - this new virus variant is undergoing a tough era ...

- Japan's Nikkei slumped to its lowest level on Friday of a month, as a new coronavirus variant found in South Africa alerted the Chinese public, and the announcement that Beijing had asked Chinese a hailing giant to delist from New York also raised the concern.

The Nikkei average decreased 2,33% to 28,751.62, the lowest time since Oct. 25 in the last five months, and posted its biggest daily fall since a further five months. The largest Topix fell 2.01% to a six week low of 1.984.98.

The Nikkei lost 3.3% for the week, while the Topix fell 2.9% for the week, marking the biggest decline since the last week of September.

As far as the Nikkei was growing, the market's fundamentals have weakened, says a kukusai Asset Manager, Kazuharu Konishi. "The market hasn't shown its weakness at time of the fallout, as investors kept selling as the Nikkei got closer to 30,000," said Akakahi, head of capital operations at Mitsubishi UFJ Kokusai Asset Management.

So easily, it got damaged quickly by positive news, such as the one that explains the new variant, and it could be very difficult to conclude that today's declines were only due to the virus.

Despite the rapid deployment of the variant on South Africa, the first time in a while the emergence of the variant in South Africa is likely to prevent immune responses from using the variant, and has forced Britain to adopt a relaxed travel ban.

The news hit travel-related shares which, the hardest, resulted in a domestic result of successful control of the virus.

A 7-month low of 5.4% was the highest of the topix airline shares index, while a one-year low of 2.9% was the highest of the topix land transport index - mostly the train operators.

The airliner raised funds by sale of convertible bonds, a move that highlighted the difficulty facing the industry.

Nikkei was the worst performing railway operator with a 6.3% drop in electricity traffic from the operator Keisei Electric Railway in the Nikkei region.

The Central Japan railway lost 3,3 %, while the Western Japan Railway lost 3,2 %.

Although the softbank group tumbled 5,2% in the second quarter of an update from Bloomberg reported that the u.s. regulators asked top executives of a ride hailing giant Didi Global to devise a plan to delist from the New York Stock Exchange due to concerns about data security.

The Japanese consortium is huge investor in Chinese-listed companies that have American-listed technology firms, including Didi and Alibaba.

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