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

Bayelsa, FRSC Deepen Collaboration to Reduce Road Crashes and Improve Traffic Signage

By Amgbare Ekaunkumo, YenagoaBayelsa State Government has announced plans...

CDCFIB Postpones Opening of Paramilitary Screening Portal

The Civil Defence, Correctional, Fire and Immigration Services Board...

FG Reiterates Commitment To Empower Persons Living With Disabilities

By Francis WilfredAs Nigerians joined the rest of the...

JUST IN: Five Abducted Rivers State University Students Regain Freedom

Five students of Rivers State University, Nkpolu-Oroworukwo, Port Harcourt,...

Security Agencies Uncover Plot to Stage Protest Against President Tinubu, NSA Ribadu

Nigeria’s security agencies have reportedly uncovered a plan by...

What Exactly Is an Open Relationship? Here’s a Clear Breakdown

Open relationships allow partners to explore romantic or sexual...

Early Warning Signs of a Heart Attack — and How to Save Your Life in Seconds

Heart attacks can occur suddenly and without warning —...

Defected Rivers Lawmakers Free to Leave PDP — Wike

The Minister of the Federal Capital Territory, Nyesom Wike,...

Davido Pauses AfroNation Performance to Honour Wizkid’s Late Mother

AfroNation attendees witnessed an emotional moment when singer Davido...

FG Assures Fair, Transparent Implementation of New Tax Laws

The Federal Government has pledged that the implementation of...

Related Articles

Popular Categories

spot_imgspot_img