Market Outlook- 09 July 2021

Markets in extended their losses from the previous To address a recent rise of infections, the government day after another virus declared a state of emergency in plans to proclaim another COVID-19 state of emergency the Olympic city of , prompting fears of an economic in Tokyo until August 22. downturn. According to a government data, Japan had a current The Index dropped 248.92 points, or 0.9 account surplus of 1,979.7 billion yen in May. A surplus of percent, to 28,118.03, the lowest finish in over two weeks. 1,820.4 billion was expected, however it was exceeded. At 1,920.32, the wider Topix fell 0.9 percent. A senior minister indicated that Japan is ready to impose The stock of Industries increased by 3.7 percent. its fourth state of emergency for Tokyo, which will last until According to the Nikkei, Japan's top air conditioner the end of the Olympics, as organizers explore banning manufacturer has created a refrigerant for electric vehicles all spectators from the Games. that can increase their range by up to 50%. The Tokyo area is currently subject to less stringent Group and Isetan Mitsukoshi Holdings both lost 2% "quasi-emergency" restrictions. Restaurants will be urged to 3% of their value. to stop serving alcohol as a result of the new limitations, according to Economy Minister Yasutoshi Nishimura. will sell its underperforming lead-acid battery operations to investment firm Advantage Partners “However, international investors place a low importance and financial services company Tokyo Century for 60 on Japan because, on a macro level, its growth lags billion yen, the materials producer's stock dropped 1.9 behind that of the United States and Europe. It also has a percent. lower immunisation rate than those countries.”

Traders were hesitant to sell Exchange Traded Funds Among the Tokyo bourse's 33 sectoral sub-indices, (ETFs) in order to obtain cash for dividend payments. On energy resources explorers and airlines led the decrease. Thursday and Friday, analysts predict a total selling of around 800 billion yen.

Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

ZETT CORPORATION ¥400 16.42% MEDIA LINKS CO LTD ¥536 −13.69%

USEN-NEXT HOLDINGS CO LTD ¥2842 16.52% TRADE WORKS CO LTD ¥905 −11.01

TECHNO HORIZON CO ¥1801 14.13% LTD NOMURA CO LTD ¥859 −10.15%

IMPRESS HOLDINGS INC ¥250 13.64% NOMURA CO LTD ¥2141 −10.04%

COLAN TOTTE CO LTD ¥1906 13.62% KOJIMA CO LTD ¥658 −9.12% Market Outlook- 09 July 2021

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