x

Japanese stocks tumble amid fears of economic impact of coronavirus

Japanese shares fell more than 2 per cent on Thursday for the fourth trading day of decline amid growing concerns about economic effects of the novel coronavirus.

The benchmark Nikkei 225 Stock Average lost 477.96 points, or 2.13 per cent, to close at 21,948.23 after falling as much as 2.6 per cent in the afternoon.

The broader Topix index was down 38.11 points, or 2.37 per cent, at 1,568.06.

The sharp falls come one day after Prime Minister Shinzo Abe asked organizers of large sports and cultural events to be cancelled or postponed for the next two weeks.

National museums across the country are closed from Thursday to mid-March, while concerts have been cancelled and many sports events including baseball games and horse races will be held behind closed doors.

Nearly 900 people have been confirmed to have the coronavirus in Japan, including seven deaths and about 700 infections on the Diamond Princess cruise ship. (dpa)

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

ITF Adopts Digital Communication to Boost Efficiency, Automation

By Israel Adamu, Jos The Industrial Training Fund (ITF) says...

Deputy Speaker, Kalu Bags PhD In Policy and Strategic Studies From UniAbuja

Deputy Speaker of the House of Representatives, Hon. Benjamin...

Ambode Declares Total Support for President Tinubu’s 2027 Re-Election Bid

• Dismisses claims of gubernatorial ambition under ADC. Former Lagos...

Gov Eno commissions FG funded 100-bed Specialist Hospital

By Ogenyi Ogenyi,Uyo Governor Umo Eno of Akwa Ibom yesterday...

Police launch investigationinto murder of A’Ibom man in church , arrest rapists

By Ogenyi Ogenyi,Uyo The Police in Alwa Ibom has launched...

Davido, Chioma Arrive in Miami Ahead of Lavish White Wedding

Afrobeats sensation David Adeleke, popularly known as Davido, and...

El-Rufai Still a Key Stakeholder in APC – Party Chieftain Affirms

A prominent member of the All Progressives Congress (APC)...
spot_img

Related Articles

Popular Categories

spot_imgspot_img