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

New Onu-Egume Hails Governor Ododo Over Appointment, Calls for Peaceful Coexistence in Egume

By Noah Ocheni, LokojaThe newly appointed Onu-Egume and Okura...

AFCON 2025: Egypt, South Africa Brace for Crucial Group B Showdown

Continental pride and qualification ambitions will be on the...

Goronyo Urges Stronger Professional Networks to Drive Sokoto’s Development

By Jabiru HassanThe Minister of State for Works, Rt....

Dogara Urges Nigerians to Embrace 2026 with Hope and Unity

Rt. Hon. Yakubu Dogara, former Speaker of the House...

Olukoyede Urges Nigerians to Embrace Zero Tolerance for Corruption in 2026

By Francis WilfredThe Executive Chairman of the Economic and...

Kogi State Assembly Passes 2026 Budget into Law

By Noah Ocheni, LokojaThe Kogi State House of Assembly...

Plateau Youth Activist Hoommen Sends New Year Message to Citizens

By Israel Adamu, JosA Plateau youth activist, Comrade Pius...

Goronyo Urges Stronger Professional Networks to Drive Sokoto’s Development

By Jabiru HassanThe Minister of State for Works, Rt....

Related Articles

Popular Categories

spot_imgspot_img