Nikkei sinks 300 pts as Japan receives new PM

Major stock markets in the Asia-Pacific region stood mostly lower near the end of the session on Monday, with trading in China and South Korea closed due to exchange holidays.

The Nikkei 225 plunged by 1.07% or 307 points at 7:33 am CET following the news that Fumio Kishida has been officially elected as Japan’s new prime minister. The dollar stood flat against the yen to sell for 111.0315 a minute later.

The Hang Seng tumbled 2.01% or 495 points at 7:35 am CET, with the exchange halting trading of Evergrande’s assets likely due to worries of the estate giant’s potential collapse. The S&P/ASX 200 closed 1.29% higher as the coronavirus pandemic continued to dominate investors’ focus.



Breaking the News / ND



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