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

Plateau Governor Caleb Mutfwang Joins APC, Receives Membership Card

By Israel Adamu, JosPlateau State Governor, Caleb Mutfwang, on...

Navy Chief lauds troops, pledges sustained security drive

The Chief of the Naval Staff (CNS), Vice Admiral...

Bayelsa Media Network Awards Honour Ogoun, Theophilus Moses, Sokari at 7th Edition Ceremony

The Bayelsa Media Network Awards (BMNA) on Friday celebrated...

‘Together Always’: Lookman Shares Photo With Osimhen After Mozambique Win

Super Eagles forward Ademola Lookman has shared photos of...

Misau Emirate Confers Historic Title on Alhaji Abdullahi Muhammad Maibeti

The Misau Emirate Council in Bauchi State has formally...

AIG Adenola Hosts JTF Commander Oladipo, Pledges Stronger Niger Delta Security Collaboration

Assistant Inspector General of Police (AIG) Johnson Adenola, who...

CSOs Urge Tinubu to Ignore APC Scribe, Hail Wike’s Performance Ahead of 2027

A coalition of civil society organisations has urged President...

Dogara Hails Tambuwal at 60, Calls Him a Statesman

Former Speaker of the House of Representatives and Chairman,...

CSO Urges NAHCON, States to Adopt Exam-Based Appointment of Hajj Officials

By Jabiru HassanA faith-based civil society organisation, the Independent...

Punch Correspondent Matthew Ochei Dies at 43, Tension Grips Delta Media Community

By Anne AzukaThe Delta State media community has been...

Oborevwori Condoles Family, NUJ Over Death of Punch Correspondent Matthew Ochei

By Anne AzukaDelta State Governor, Rt. Hon. Sheriff Oborevwori,...

Related Articles

Popular Categories

spot_imgspot_img