Nikkei 225 Down 1.5% on Wall Street Cues, US Presidential Debates

Wednesday, September 30, 2020 5:55 AM | MT Newswires

The Nikkei 225 opened lower Wednesday on overnight Wall Street cues and ended the day down 1.5% after the Tuesday night debate between US President Donald Trump and Democratic contender Joe Biden produced acrimony but no clear winner, said analysts.

The Nikkei 255 fell 353.98 to 23,185.12, as losing issues outnumbered gainers 205 to 19.

Leading the thin upside on a down day were NTT Docomo (NTDMF, 9437:Tokyo), up 20.9% on plans of its parent National Telephone & Telephone, aka NTT, to buy the telecom-service back. Also up were J Front Retailing (JFROF, 3086:Tokyo), up 9.7%, and then Japan Steel Works (JPSWY, 5631:Tokyo), up 4.4%.

On the downside were chemical concern Nippon Kayaku (NPKYY, 4272:Tokyo), off 6.2%, and then Fukuoka Financial (FKKFY, 8354;Tokyo), off 6.0%.

In economic news, Japan's industrial output in August rose 1.7% from July, reported officials. Manufacturers expect output to rise another another 5.7% in September, and then 2.9% more in October, said the Ministry of Economy, Trade and Industry. However, August industrial output was down 13.3% year-over-year, due to the impact of the COVID-19 pandemic, and related lockdowns and travel restrictions, said METI.

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