(Bloomberg) -- Japanese equities fell, pushing the Nikkei 225 Stock Average to a seventh-daily loss and the brink of a technical correction, amid market disappointment with a new government and a host of threats to global economic growth.Most Read from BloombergChristmas at Risk as Supply Chain ‘Disaster’ Only Gets WorseReshaped by Crisis, an ‘Anti-Biennial’ Reimagines ChicagoThis Is What Europe’s Green Future Looks LikeAn Unapologetic Old Boys’ Network Is Costing Australia BillionsGhana’s Recor
Japanese shares are expected to recover from an eight-month low marked on Friday to near a 30-year high by the end of this year, supported by a robust corporate outlook and the rollout of coronavirus vaccines, a Reuters Poll showed. The median estimate in the Aug. 11-24 poll of 22 analysts and fund managers forecast the benchmark Nikkei index would gain 6.2% from Tuesday's close of 27,732.1 to reach 29,450 by the end of December. The Nikkei has been hovering below 28,000 over the past month, as the spread of the Delta variant of coronavirus spurred concerns of an economic slowdown even as Japanese companies reported positive outlooks.
(Infocast News) The Nikkei 225 fell 304.74 points or 1.1%, to close today at 27,281.17. (WL)