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Late Equity Roundup: Mildly Lower on Week


Remains Above The 50-Day EMA

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Prime Minister Fumio Kishida has stated that 13 Japanese prefectures, including Tokyo, will enter into a COVID-19 quasi-state of emergency from 21 January to 13 February in an effort to control the spread of the Omicron variant.

  • The measures will see local governors given the power to ask restaurants to shorten business hours and stopserving alcohol. Residents will also be asked to avoid travelling between different prefectures.
  • Compared to lockdown restrictions in other Asian and developed market states, the Japanese quasi-SoE measures remain relatively mild and therefore are unlikely to take a significantly negative toll on the economy.
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