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Nikkei 225 Down 1.3% on Omicron Outlook, Wall Street Cues, Stronger Yen

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Last updated: 01/14/2022 04:54:42

04:54 AM EST, 01/14/2022 (MT Newswires) -- Nikkei 225 opened lower on Friday and did not recover, finishing down 1.3% on downward Wall Street cues and upwards COVID-19 tallies in Japan. The yen strengthened against the US dollar, undercutting export issues.

The Nikkei 225 fell 364.85 to 28,124.28 as losing issues outnumbered gainers 195 to 26.

Leading the upside on a down day were Fast Retailing (FRCOF, 9983:Tokyo), up 8.1%, followed by retailer Seven & i (SVNDY, 3382:Tokyo), up 4.9%, and then shipper Mitsui OSK (MSLOF, 9104:Tokyo), up 1.4%.

On the downside were Hitachi Construction (HTCMY, 6305:Tokyo), off 17% after disclosures of a pending share sale, and then trading house Toyota Tsusho (TYHOF, 8015:Tokyo), off 5.7%.

The Nikkei 225 is off 2.3% year-to-date.

In other news, Japan's capital city of Tokyo posted 4,051 new COVID-19 infections on Friday, after recording 3,124 cases on Thursday, due to the spreading omicron variant, reported The Mainichi newspaper. Less than 30 such cases a day were reported in December.

Producer prices in Japan rose 8.5% year-over-year in December 2021, but slipped 0.2% from November, the Bank of Japan reported.

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