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Japanese Shares Recoup as Apple Regains Some Lost Ground


Wednesday, 19 February 2020 10:50 WIB

Nikkei 225Saham Jepang indeks Topix


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Japanese shares bounced back on Tuesday as sentiment improved slightly after Wall Street’s major indexes closed off their lows and Apple trimmed its losses stemming from a sales warning, although the health crisis in China remained an overhang.

Investors are cautious as the coronavirus epidemic could tip the Japanese economy, already hit by sales tax hike last October, into a recession.

The Nikkei share average rose 0.71% to 23,359.60 while the broader Topix recovered from the four-month closing low it hit on Tuesday to gain 0.54%.

Semi-conductor shares and electronic parts makers, which led the slump on Monday following the warning from Apple, clawed back some losses.

Apple supplier Murata manufacturing rose 2.6%, while Shin-etsu Chemical gained 1.7%.

Source : Reuters


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