Nikkei slips on worries over Brexit, U.S. stimulus

  • Reuters
  • Stock Market News
Nikkei slips on worries over Brexit, U.S. stimulus
Credit: © Reuters.

TOKYO, Dec 11 (Reuters) - Japanese shares slipped on Friday as uncertainties over Brexit, U.S. stimulus and worries over surging COVID-19 cases at home sapped risk appetite.

The benchmark Nikkei share average .N225 lost 0.54% to 26,612.74 by midday, on course to post its first weekly loss in six. The broader Topix .TOPX was down 0.07% at 1,775.01.

Tokyo reported a record number of new infections on Thursday and local media reported the government may stop travel subsidies meant to boost regional economies. Prime Minister Boris Johnson said on Thursday there was "a strong possibility" Britain and the European Union would fail to strike a trade deal. the Brexit deadline on Sunday, the market is curbed by the uncertainties from it," said Takeo Kamai, head of execution services at investment firm CLSA.

Near-term U.S. fiscal stimulus appears unlikely after Democrat House Speaker Nancy Pelosi suggested wrangling over a spending package and coronavirus aid could drag on through Christmas. heavyweight SoftBank Group 9984.T dropped 4.3% after two days of massive gains that stemmed from a report of a possible buyback of shares and the successful initial public offering of DoorDash DASH.N . Toyota Motor 7203.T rose 4.4% as investors welcomed the revamp of its Mirai hydrogen fuel cell car, at a time when the government has stepped up measures to cut carbon emissions. gains helped the transport equipment maker index .ITEQP.T add 1.8% to become the best-performing sector.

Nintendo 7974.T gained 2.4% as rising COVID-19 infections rekindled interest in shares that tend to benefit from tougher social restrictions.

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