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Japan stocks fall as airlines halt bookings on Omicron scare

By Mensholong Lepcha

05:13, 2 December 2021

Tokyo stock exchange
Tokyo stock exchange – Photo: Shutterstock

Japan’s Nikkei 225 index slipped on Thursday to hover above near two-month lows as airlines halted incoming international flight bookings after a second case of Omicron Covid-19 variant was detected in the nation.

Japan’s transportation ministry asked airlines to halt flight reservations for incoming flights to Japan until next year in what was described as an “emergency measure”, according to local media reports.

The island nation’s two largest airlines All Nippon Airways and Japan Airlines have stopped accepting bookings from Wednesday, reported government-owned broadcaster NHK.

Japan down, Australia flat

Japan’s flag carrier Japan Airlines fell 1.4% while aviation business firm ANA Holdings erased early losses to trade close to flat after lunch.

Benchmark Nikkei 225 index fell 0.4% to 27,832.97 by Thursday afternoon. Energy and tech firms were top drags on the index.

Elsewhere, Australia’s benchmark S&P/ASX 200 index trimmed early losses to trade flat by late afternoon on Thursday.

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Tech and miners lose in Australia

Buy-now-pay-later firm Afterpay was on track to see its worst day in nearly five months, down over 6%, after it postponed a shareholder meeting scheduled to approve its acquisition by US-based fintech Square.


15,814.70 Price
-1.160% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8


36,154.10 Price
-0.280% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 2.2


4,562.60 Price
-0.740% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.8


16,549.50 Price
-2.080% 1D Chg, %
Long position overnight fee -0.0261%
Short position overnight fee 0.0042%
Overnight fee time 22:00 (UTC)
Spread 5.0

S&P/ASX All Technology index lost 2.5% on Thursday as software-as-a-service company Xero and online employment marketplace Seek combined with Afterpay losses, falling over 5% and over 1.5%, respectively.

Troubled Australian casino operator Crown Resorts rose 0.9% after the company allowed suitor Blackstone access to its books to conduct due diligence and to counter with an improved takeover offer.

Hong Kong up on banks and properties

Australia’s S&P/ASX 300 Metal & Mining index declined 1.2% as global miners BHP Group and Rio Tinto slipped 0.4% and 1.4%, respectively, in Sydney on Thursday.

In Hong Kong, the benchmark Hang Seng index extended gains to rise 0.1% higher to 23,692 by lunch break as banks and property firms gained most on Thursday.

Hang Seng TECH index fell 1.4% on Thursday as e-commerce giant Alibaba Group continued its downfall by losing over 3% while laptop manufacturer Lenovo lost 2.6% by Thursday afternoon.

Read more : Spot FX traders need to learn new lingo as LIBOR winds down

Markets in this article

Alibaba Group
71.0 USD
-1.1 -1.530%
Australia 200
7064.3 USD
-73.2 -1.030%
Australia 200
7064.3 USD
-73.2 -1.030%
Australia 200
7064.3 USD
-73.2 -1.030%
Australia 200
7064.3 USD
-73.2 -1.030%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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