Home Travel agency Nikkei humbles himself in the face of Omicron’s woes; SoftBank falls after Grab’s fall

Nikkei humbles himself in the face of Omicron’s woes; SoftBank falls after Grab’s fall

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TOKYO, Dec. 3 (Reuters) – The Nikkei stock average in Japan fell on Friday, dragged down by the drop in SoftBank and other heavyweights, as investors weighed the impact of the new variant of the coronavirus Omicron .

The Nikkei stock average (.N225) was down 0.22% to 27,693.34 at the midday break, after rising 0.3%. The index is set for a weekly decline of 3.6%.

The larger Topix (.TOPX) gained 0.55% to 1,937.06 and is set to lose 2.4% for the week.

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“Some investors are optimistic about the outlook for the market after steep declines, while others have remained skeptical and have tried to determine whether the Omicron variant could be contained by vaccines or spread further,” said Shigetoshi Kamada, director general of the research department of Tachibana Securities. .

“Nikkei heavyweights were sold, especially SoftBank Group. This explains why the Topix is ​​up and the Nikkei is down.”

SoftBank Group, which owns a stake in Grab, slipped 2.75% after the rideshare and delivery company fell more than 20% on its Nasdaq debut on Thursday. Read more

Chinese carpooling giant Didi Global (DIDI.N), in which SoftBank Group is investing, will withdraw from the New York Stock Exchange and continue listing in Hong Kong. Read more

Fast Retailing (9983.T), owner of clothing store brand Uniqlo, fell 1.28% after the company’s national same-store sales fell for a fourth consecutive month in November.

Chipmaking equipment maker Tokyo Electron (8035.T) lost 2.8%.

Actions that have been battered by concerns over the resurgence of the new variant of the coronavirus, with airlines (.IAIR.T) and railways (.IRAIL.T) increasing by 3.53% and 2, respectively, 15%.

Travel agency HIS (9603.T) gained 5.44% and KNT-CT Holdings (9726.T) jumped 7.31%.

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Editing by Rashmi Aich

Our standards: Thomson Reuters Trust Principles.