The Stock Exchange in Japan Ended Lower Again on Friday

The stock exchange in Japan ended lower again on Friday. Investors remained cautious after the substantial loss a day earlier and the price drop on Wall Street.

 

Fears of a new wave of corona infections in the United States caused the US Dow-Jones index to plummet nearly 7 percent on Thursday, creating tremendous day loss since March.

However, the US opening indicators for Friday indicate some recovery from the New York stock markets.

The Nikkei in Tokyo entered the weekend at a loss of 0.8 percent at 22,305.48 points. The Japanese main index fell 2.8 percent a day earlier and lost over 2 percent this week.

Macroeconomically, Japanese industrial production fell by 9.8 percent monthly in April. That was more than the 9.1 percent decrease reported earlier.

The Japanese car industry and steel makers were particularly affected by the pandemic.

Sony lost 1.2 percent at the companies. The technology group presented the first games for the new PlayStation 5 (PS5) online. The game console itself will not be released until the holiday period later this year.