Nikkei falling

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The Nikkei 225 fell 248.92 points or 0.88% to 28118.03 on Thursday, extending losses of 0.96% in the previous session and trading at fresh 2-week lows as sentiment soured after reports that health authorities plan to reintroduce a state of emergency to contain a resurgence of COVID-19 infections. The Tokyo metropolitan government reported 920 new infections on Wednesday, the highest figure since mid-May. Among local data, household spending surged 11.6% yoy in May as consumers bought cars and mobile phones, though the pace of growth slowed from the prior month as a new wave of COVID-19 infections weighed on consumer confidence. Earlier in the week, the au Jibun Bank Japan Services PMI came in at 48.0 in June 2021, the 17th consecutive month of contraction.

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