Japan’s Forex Market Is Declining – Coronavirus doesn’t shock the health sector, but also the economic sector, especially the Forex market. The virus has made most of the financial markets in the world go downward in the last three months. The bad news also comes from the Asian market, and Japan suffers 3% more stock losses because of the virus outbreak.
– Tokyo Stock Exchange
The Tokyo Stock Exchange, also known as Tosho, is located in Tokyo. It is one of the largest stock exchanges with more than 2000 companies listed. The stock exchange has become in the spotlight over the past few months because it is also affected by the coronavirus, although it is one of the most profitable stock exchange markets in Asia.
– Japan Stock Markets Gained More Interest
The stock market in Japan gained more attention last February and lots of investors registered for new accounts in the stock markets. It was because of the lockdowns and social distancing that prevented people from working as usual. They begin to gain more interest to invest in the stock market. The interest also affects people to register as new members of online casinos at sbobet .
Some sources also mention that in March and April, more than half a million accounts were registered in Japanese stock markets, including Tosho. This number is quite a surprise because it reaches twice the average of the year.
– Lower Trade Due to Coronavirus
Although the number of new account openings increased in the last few months, Tokyo stocks have dropped around 3% in June. The main cause of it is the coronavirus that has affected most countries in the world, especially the US.
Investors fear the virus will lower stock prices and bring losses to the investors. It is also because the coronavirus cases in the US have increased significantly. Economic reopenings cause coronavirus cases to rise, then trade begins to drop and is expected to drop further if conditions get worse.
The number of coronavirus cases in Japan has gone lower than most countries, but the stock markets don’t go really well today. Overall, the stock markets have become as bad as US stock markets. The fear of losing the shares makes investors decrease the trade.