Japanese Market Modestly Lower

(RTTNews) - The Japanese stock market is modestly lower on Monday, extending the losses in the previous session, with the Nikkei 225 just below the 27,400 level, following the broadly negative cues from Wall Street on Friday, with traders selling off stocks amid fears of inflation and policy tightening by the US Federal Reserve. Traders also remain concerned about the spike in domestic coronavirus cases, with Japan topping 50,000 daily new cases for the second straight day and hitting record highs for the sixth consecutive day. A majority of the 47 prefectures hit record highs, with 17 prefectures under quasi-state of emergency from Friday and more expected to follow. The benchmark Nikkei 225 Index is down 142.40 points or 0.52 percent at 27,379.