Tokyo (Reuters) – closed Japanese stocks Higher on Tuesday, with the continued positive impact of corporate results, but gains were limited due to fears of the spread of the fast-spreading delta strain.
The Nikkei index closed up 0.24 percent at 27,888.15 points, after hitting a mid-July peak of 28,128.61 points earlier.
The broader Topix index rose 0.36 percent to 1936.28 points, but below the session’s peak of 1950.63 points.
“After the Nikkei hit 28,100, it looks like there was a run for profits,” said a market trader from an asset management company. “There are still concerns about the delta dynasty, so it’s likely to stem the sudden upsurge.”
Japan is battling the fifth wave of the Corona virus, and recorded 12,073 new infections across the country yesterday, after touching a record high two days ago.
Mitsui Mining and Smelting was the biggest gainer over the Nikkei, adding 8.75 percent thanks to strong earnings it reported on Friday.
SoftBank Group added 0.9 percent, and its results are announced today, after the market closes.
Sony Group shares fell 2.50 percent and Nintendo shares lost 3.05 percent, topping the list of the worst performing stocks among the 30 major stocks on Topix.