Tokyo: Stocks fall on coronavirus worries; upbeat earnings outlook limits losses

The Business Times | Oct 29, 2020 at 1:00 AM
  • Japanese shares fell to a one-month low on Thursday weighed by concerns about fresh coronavirus lockdowns in Europe, although companies issuing bullish forecasts during earnings season limited losses.
  • Declines in stocks were limited by an improving earnings outlook and as Japan’s coronavirus infections were much smaller than those in Europe.
  • The stocks that gained the most among the top 30 core Topix names were consumer electronics maker Sony up 6.69 per cent, followed by industrial conglomerate Hitachi gaining 4.29 per cent.