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Major Asian Markets closed for holiday; Nikkei trade lower

12 Feb 2021 Evaluate
Most of the Asian equity benchmarks are closed on Friday for Chinese New Year. Japan’s Nikkei, which resumed trading after yesterday’s holiday is in downward trend. Nikkei saw dip in exporting even though local currency yen weakened. Market sentiments got dulled after lacklustre cues from Wall Street overnight. However, decline in covid cases around the globe and the vaccine rollout kept the losses in check.

Nikkei 225 down by 84.52 points or 0.29% to 29,478.41