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

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Governing Council, VC Commended as MOAUM Holds 32nd Matriculation

Ahead of the 32nd Matriculation ceremony of the Rev....

AG Hails Gov Sule’s Global Recognition at Africa Leadership Summit in London

Ask ChatGPT By Abel Zwanke, Lafia The Accountant General of Nasarawa...

Nigerian Leaders Urged to Uphold Democratic Principles, Show Sincerity of Purpose

By Isaac Kertyo, Makurdi Nigerian leaders have been urged to...

Northern Nigeria’s Challenges Are Complex, Deep-Rooted – Bafarawa

…Harps on Peace, Unity, Development in the NorthBy Achadu...

2027: Plateau Youth Leader Rallies Support for President Tinubu’s Re-election

By Golok Nanmwa, Jos Shedrack Mainasara, a youth mobilizer in...

Mangu Mob Attack: 20 Arraigned Over Killing of 12 in Plateau

By Israel Adamu, Jos The Plateau State Police Command on...

Sokoto Govt, AGILE Sensitize on Cash Transfer to Support Girls’ Education

By Muhammad Ibrahim, Sokoto The Sokoto State Ministry for Basic...

Bayelsa Sports Director Urges Youths to Shun Crime, Embrace Sports

By Amgbare Ekaunkumo, Yenagoa The Director of Sports, Bayelsa State...
spot_img

Related Articles

Popular Categories

spot_imgspot_img