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

Diri Inaugurates APC Coordinators, Warns Against Division

Bayelsa State Governor, Senator , has inaugurated local government...

Mahmoud Personifies Hope, Gives Over 1,500Kano Residents Free Dental Care

By Joyce Remi- BabayejuThe FCT Minister of State. Dr....

Bandits Abduct Catholic Catechist, Pregnant Wife, 30 Others in Kaduna Communities

By Achadu Gabriel, KadunaArmed bandits have abducted a Catholic...

TY Danjuma Praises Trump for Spotlight on Middle Belt Insecurity at Plateau Varsity Event

Former Defence Minister, Lt.-Gen. Theophilus Yakubu Danjuma (retd.), has...

Jude Bellingham Linked With Conditional Move to Manchester United

Reports indicate that Jude Bellingham has reached an agreement...

FA Cup Fifth Round Draw Confirmed

The FA Cup fifth-round draw has delivered a blend...

Lagos Court Sentences Man to One Year in Prison for N37m Forex Fraud

The Special Offences Court sitting in Ikeja, Lagos, has...

Kaduna AG Urges Christians to Engage in Politics Ahead of 2027 Elections

By Francis WilfredKaduna State Attorney-General and Commissioner for Justice,...

Wildlife Journalist Urges Action Over Migratory Bat Killings in Kaduna

By Achadu Gabriel, KadunaA wildlife journalist has called on...

Related Articles

Popular Categories

spot_imgspot_img