The star index Nikkei lost 0.49% to 20,267.05 points while the broad Topix index fell 0.14% to 1,474.69 points.
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The Tokyo Stock Exchange ended Wednesday on a small decline, still concerned about the economic impact of the pandemic and the consequences of too rapid a restart of activity, while the risk of a second wave threatens, in China in particular .
The star index Nikkei lost 0.49% to 20,267.05 points while the broad Topix index fell 0.14% to 1,474.69 points.
Wall Street, which generally gives the trend for the next day in Tokyo, ended Tuesday down sharply.
Immunologist Anthony Fauci, central figure in the White House crisis cell, warned on Tuesday of the “very serious” consequences of having too rapid a restart of the American economy, while the Covid pandemic -19 is not contained.
In China, the metropolis of Wuhan, home of the new coronavirus, plans to screen its entire population, according to local media, while new cases of Covid-19 raise fears of a resurgence of the pandemic in this area. metropolis of 11 million inhabitants.
In Japan, the annual earnings season is in full swing, giving investors a clearer picture of the already devastating consequences of the pandemic on businesses.
The publications are all marked by “uncertainty about the future prospects, which may limit the rise” in prices, noted Okasan Online Securities in a note.
On the side of values
All industries on the Nikkei ended down, except health and energy. The consumer durables (such as the automotive) and financials sectors finished at the bottom of the pack.
SHISEIDO FALL
The title of the Japanese cosmetic giant Shiseido dropped 4.21% to 6,342 yen, after having unscrewed by more than 7% at the start of the session. Investors were unhappy with its first quarter 2020 results announced the day before, very affected by the coronavirus, and especially the abandonment of its forecasts for the current financial year.
TOYOTA, THE COLD SHOWER
The action of the Japanese number one in the Toyota automobile fell further sharply (-2.19% to 6,384 yen), after having already dropped almost 2% the previous day, having delivered prospects of results far below market expectations for its fiscal year 2020/21 because of the pandemic.
On the other hand, its competitor Honda limited the damage on Wednesday (-0.04% to 2,522 yen), despite results that fell into the red between January and the end of March and its absence of forecasts for 2020/21.
On the currency and oil side
The yen appreciated slightly against the dollar, by one dollar for 107.03 yen around 07:40 GMT, against 107.14 yen Tuesday at 21:00 GMT.
The Japanese currency also climbed against the euro, which was worth 115.96 yen against 116.22 yen the day before.
The European currency was losing ground against the greenback, at the rate of one euro for 1.0834 dollars against 1.0848 dollars Tuesday at 21:00 GMT.
Supported the day before by Saudi Arabia’s decision to further reduce its production of black gold from the end of June, oil prices started falling again on Wednesday: around 7:30 GMT the price of a barrel of American crude WTI fell by 1.63% to 25.36 dollars, and that of the barrel of Brent London lost 2.8% to 29.14 dollars.
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