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

UNIJOS Confirms Death of Two Students in Jos Violence

The Vice-Chancellor of the University of Jos, Tanko Ishaya,...

Kogi Flags Off Airport Project, Hands Construction to Contractors

Kogi State Governor Ahmed Usman Ododo has formally handed...

Akwa Ibom Assembly Passes Mental Health Bill to Reform Care Services

The Akwa Ibom State House of Assembly has passed...

Easter: Orelope-Adefulire Urges Renewed Commitment to Sustainable Development

The Senior Special Assistant to the President on Sustainable...

Delta Partners Energy Firms to Improve Power Supply, Targets Expanded Electricity Access

Delta State Governor Sheriff Oborevwori has reaffirmed plans to...

Tinubu Commissions 60MW Power Plant, Key Roads and Bridge in Bayelsa

President Bola Ahmed Tinubu has inaugurated a 60-megawatt gas-fired...

Northern States Urged to Replicate Kaduna’s Education Reforms

Northern states have been advised to adopt Kaduna State’s...

Group, Health Partners Plan 1,000 Container Clinics to Improve Access in Northern Nigeria

By Gabriel AchaduA regional Christian body, the Northern Christian...

FG Sets Up Committee to Review $200bn Gas, Power and High-Speed Rail Proposal

By Wilfred FrancisThe Federal Government has inaugurated a technical...

NITOUREY to Push Nigeria’s Tourism Sector into Global Arena – Awakan

By Joyce Remi BabayejuThe Director-General of the Nigerian Tourism...

UNILAG Alumni Awards Scholarships to 28 FCT Students

By Joyce Remi- BabayejuThe University of Lagos Alumni Association,...

Hajj 2026; FCT- MPWB Begins Vaccination Exercise

By Joyce Remi- BabayejuThe Federal Capital Territory Muslim Pilgrims...

2027 Polls: PNT Urges Nigerians to Support Tinubu’s Re-election

By Joyce Remi BabayejuA pro-government group, the Progressives Network...

Related Articles

Popular Categories

spot_imgspot_img