BANGKOK (AP) — Shares were mostly lower in world markets on today as worries over fresh outbreaks of coronavirus cases overshadowed hopes over reopening economies. In early trading, in London, the FTSE 100 was 0.3% higher, while the CAC 40 in Paris slipped 0.1%. Germany's DAX edged 0.1% higher. In Asia, Japan's Nikkei closed 0.1% lower, while South Korea's Kospi gave up 0.7%. Shares also lost ground in Taiwan, Singapore and Jakarta. Bangkok gained 0.9%. Dow and S&P futures are each down 0.2%.
BEIJING (AP) — China’s auto sales declined again in April but losses narrowed in a sign the industry’s biggest global market is recovering from the coronavirus pandemic as Beijing eases anti-disease controls. The China Association of Automobile Manufacturers reports sales of SUVs, sedans and minivans in the industry's biggest global market were down 2.6% from a year earlier at 1.5 million, an improvement over March’s 48.4% contraction. The industry group says the market shows “obvious signs of recovery.”
TOKYO (AP) — Toyota Motor Corp. expects a sharp plunge in its fiscal fourth quarter profit after the global pandemic slammed vehicle sales and halted production at its auto plants. Japan’s top automaker reports a profit of $590 million for the quarter that ended in March, nose-diving 86% from the previous year. Toyota officials say it was difficult to project the future, given the varying degrees of lockdowns around the world and uncertainties on how the coronavirus outbreak may develop.
TOKYO (AP) — Japanese automaker Honda Motor Co. sank deeper into losses for the fiscal quarter that ended in March, as the damage to the industry from the coronavirus outbreak hurt sales and crimped production. Tokyo-based Honda reports a January-March loss of $276 million. Quarterly sales declined nearly 15%from a year earlier.
TOKYO (AP) — Olympic organizers say five official merchandise shops in Tokyo will close by early June with business hindered by the coronavirus pandemic and the games being postponed until next year. It's not clear if they will reopen. A spokesman says a sixth store in Osaka will also be downsized by early June. Organizers say 89 stores were operating in Japan at the end of April. Organizers hope for income of about $100 million from merchandise sales.