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

Kaduna Labour Threatens Strike Over Delayed Salary Adjustments

The Joint Negotiating Council (JNC) in Kaduna State has...

Open Letter to His Excellency, Prof. Babagana Umara Zulum

Your Excellency,Permit me, sir, to first commend your enormous...

NYA Urges Youths to Defend Democracy Amid Nigeria’s Challenges

The National Youth Alliance (NYA) has called on young...

Arise News Anchor Constance Ikokwu Joins Politics

Arise News Anchor and Analyst Dr. Chiogo Constance Ikokwu...

​FCTA to takeover Jikwoyi Collapsed land, Prosecute Owner

By Joyce Remi- BabayejuThe Federal Capital Territory Administration (FCTA)...

VeryDarkMan Claims DSS Contact Over Alleged Protest Plot, Criticises Tinubu Administration

Nigerian social commentator Martins Otse, popularly known as VeryDarkMan,...

PTDF Says New Kaduna Petroleum College Will Reduce Overseas Scholarship Costs

The Petroleum Technology Development Fund (PTDF) says the establishment...

Guardian Petitions Police Over Disappearance of 14-Year-Old in Katsina

A guardian has petitioned the Nigeria Police Force in...

Miaphen Declares Bid for Qua’anpan/Shendam/Mikang House of Representatives Seat

A youth leader and activist, Prince Miaphen, has announced...

The Unending Killings in the Northern Part of Nigeria

By Abu Jemimah LamiAddressing the unending killings...

Kaduna Community Disputes Reported Rescue of Abducted Church Worshippers

A community group in Kaduna State has rejected reports...

Related Articles

Popular Categories

spot_imgspot_img