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

Nasarawa Accountant General Resigns, Declares 2027 Governorship Bid

By Abel Zwanke, LafiaThe Accountant General of Nasarawa State,...

Court Grants Final Forfeiture of N3bn and Properties linked to NNPC Official

 By Francis Wilfred Justice J.O Abdulmalik of the Federal High...

Tinubu Condemns Plateau, Kaduna Killings, Orders Security Crackdown

President Bola Tinubu has condemned recent attacks in Plateau...

UK, US, France Among Countries Approving Nigerian Ambassadorial Nominees

The Federal Government says several countries, including the United...

Easter: Orelope-Adefulire Urges Renewed Commitment to Sustainable Development

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

PDP Chieftain, Onireti Resigns From Party, Cites Personal Reflection

A former House of Representatives candidate, Olufemi Onireti, has...

Kogi Governor Ododo Appoints Prof. M.S. Audu as Pro-Chancellor of PAAU Anyigba

The Governor of Kogi State, Ahmed Usman Ododo, has...

TCN Disputes PHEDC Capacity Claims, Cites Verified 8,700MW Transmission Capability

The Transmission Company of Nigeria (TCN) has challenged capacity...

CSOs Condemn Wike’s Remarks on Journalist, Raise Concerns Over Press Freedom

A coalition of 14 civil society organisations (CSOs) has...

Kogi Orders Evacuation of Students from University of Jos Over Security Concerns

Governor Ahmed Usman Ododo has directed the evacuation of...

Related Articles

Popular Categories

spot_imgspot_img