Japanese shares plumbed three-week lows today, as investors took profits from stellar gains over the past couple of months on concerns that a fast-spreadingnew coronavirus strain found in Britain could disrupt a swift global economic recovery, Reuters reports. The Nikkei average fell by 1.04 percent, the biggest drop in about a month, to 26,436.39, its lowest close since late November. It fell below its 25-day moving average for the first time since the start of the rally following U.S. elections in early November. The broader Topix lost 1.56 percent at 1,761.12, with all the 33 sector sub-indexes on the Tokyo exchange ending lower.

Source: The Standard December 22, 2020 06:45 UTC