Tokyo
Tokyo stocks edged up Tuesday in sluggish trade as buying sentiment was dampened by concern over rising coronavirus infections in Japan. The benchmark Nikkei 225 index rose 0.09 percent, or 25.31 points, to close at 28,164.34, while the broader Topix index was up 0.16 percent, or 3.00 points, at 1,857.94. “Hopes for more stimulus in the United States remain strong,” said Yoshihiro Okumura of Chibagin Asset Management. “But concerns over rising coronavirus infections in Japan capped today’s gain,” he told AFP. The government is this week expected to expand a state of emergency in the greater Tokyo area to also cover Osaka and other western cities where infections are surging. Investors were also cautious on Tuesday about the sharp gains in Japanese shares, which have recently been hitting three-decade highs, brokers said.—AFP
