Japanese Market Drifts Lower

(RTTNews) - The Japanese stock market slipped into negative territory on Tuesday after opening notably higher following the positive cues overnight from Wall Street on hopes of a quick economic recovery from the coronavirus-induced setback. Investor sentiment was dampened after White House trade advisor Peter Navarro told Fox News in an interview that the U.S. trade deal with China was "over". The benchmark Nikkei 225 Index is down 9.06 points or 0.04 percent to 22,428.21, after touching a high of 22,675.15 in early trades. Japanese shares closed slightly lower on Monday. Market heavyweight SoftBank Group is rising more than 2 percent and Fast Retailing is adding 0.5 percent. The major exporters are higher despite a stronger yen. Panasonic is higher by almost 2 percent, Canon is advancing more than 1 percent, Mitsubishi Electric is adding 0.5 percent and Sony is up 0.3 percent. In the tech space, Tokyo Electron is rising 2 percent and Advantest is advancing almost 2 percent. Among automakers, Toyota and Honda are adding more than 1 percent each. Toyota expects its domestic production volume in July to recover from the projected June volume as economic activities in the country resume. In the oil sector, Inpex is To keep reading about Japanese Market Drifts Lower, Click on the link. Seoul, Korea
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