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

FG Proposes N135bn for Post-Election Litigation Ahead of 2027 Polls

The Federal Government has proposed N135.22 billion in the...

Wike Announces N500m Support for Late Senator Mpigi’s Family

By Joyce Remi- BabayejuThe FCT Minister, Barr. Nyesom Wike,...

Braimoh Congratulates New ADC Executives in Kogi, Calls for Unity

A chieftain of the African Democratic Congress (ADC), Olayinka...

UNIJOS Confirms Death of Two Students in Jos Violence

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

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

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

Oborevwori Backs Cubana Millennium City Project as Boost for Investment in Asaba

By Anne AzukaDelta State Governor, Sheriff Oborevwori, has described...

Oborevwori Urges Quality Delivery as NASS Committees Begin NDDC Project Oversight in Delta

By Anne AzukaDelta State Governor, Sheriff Oborevwori, has called...

AFRICA ON THE RIGHT SIDE OF HISTORY AS CHINA’S PEACEFUL RE-UNIFICATION RAMPS UP

BY CHARLES ONUNAIJUEven before the waterway of the Strait...

Zulum Warns Residents Against Aiding Boko Haram After Military Operation in Borno

Borno State Governor Babagana Umara Zulum has cautioned residents...

Braimoh Congratulates New ADC Executives in Kogi, Calls for Unity

A chieftain of the African Democratic Congress (ADC), Olayinka...

Maktown Flyers Backed to Impress at Basketball Africa League Championship

Nigeria’s representatives at the upcoming Basketball Africa League (BAL)...

Nasarawa 2027: Concerns Emerge Over Mohammed Adamu’s Strategy Ahead of Governorship Race

By Abel Zwanke, LafiaThe entry of former Inspector-General of...

Related Articles

Popular Categories

spot_imgspot_img