Business Activities: Virus Crisis and Media Reports

business activities: Stocks in the morning met with selling to lock in profits, but at the same time they attracted buying by investors welcoming the resumption of domestic business activities in the wake of the government's full lifting of the coronavirus emergency Monday, brokers said, according to The Japan Times. The market headed north in the afternoon, with sentiment brightened by media reports that the government's second fiscal 2020 supplementary budget plan calls for 31.9 trillion in general account spending to help the country overcome the virus crisis, brokers said. The 225-issue Nikkei average climbed 148.06 points, or 0.70 percent, to end at 21,419.23, following a 529.52-point surge Tuesday. ; The Topix index of all first-section issues on the Tokyo Stock Exchange closed 14.74 points, or 0.96 percent, higher at 1,549.47, after jumping 32.53 points the previous day. Besides, market players were relieved to see index futures on the Dow Jones industrial average go up in off-hours trading, after the major U.S. market yardstick staged a sharp rise Tuesday, Tomoaki Fujii, head of the investment research division at Akatsuki Securities Inc., said. Fujii also noted that the market was weighed down by concerns over U.S.-China tensions, which were heightened by news reports that the White House is considering sanctions against China over Beijing-proposed national security legislation to tighten its control over Hong Kong. The U.S. market was closed Monday for Memorial Day. (news.financializer.com). As reported in the news.