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

TCN Begins Construction of 330kV Transmission Line at Ihovbor to Boost Power Supply

By Jabiru HassanThe Transmission Company of Nigeria (TCN)...

Dogara Celebrates Baba Jang at 82, Hails Him as a Visionary Statesman

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

Uchenna Awom Announces Passing of Mother-in-Law, Funeral Set for March 27

Media professional and adviser to Senator Enyinnaya Abaribe, Uchenna...

GMI hails Tinubu’s UK State visit, describes trip as “Triumph for the Common Man”

Grassroots Mobilisation Initiative, GMI, has commended President Bola Ahmed...

Kogi NUJ Correspondents’ Chapel to Hold 2026 Press Week in Lokoja

The Correspondents’ Chapel of the Nigeria Union of Journalists...

Eid-el-Fitr: Kogi Revenue Chairman Sends Greetings to Staff

The Executive Chairman of the Kogi State Internal Revenue...

Eid-el-Fitr: Kogi Governor Ododo Urges Unity, Prayers for Nigeria

Kogi State Governor Ahmed Usman Ododo has extended Eid-el-Fitr...

EFCC Hands Over ₦3.9bn Recovered Funds to NNPCL

By Wilfred FrancisThe Economic and Financial Crimes Commission...

Vandalism Causes Collapse of Power Transmission Tower on Ughelli–Benin Line, TCN Says

The Transmission Company of Nigeria (TCN) says vandalism led...

Retired Police Officers Plan Protest at Presidential Villa Over Pension Bill

The Union of Retired Police Officers under the Contributory...

Apostle Kure Inaugurates Board for Throneroom College of Nursing, Urges World-Class Standards

The proprietor of Throneroom College of Nursing Sciences, Kafanchan,...

Related Articles

Popular Categories

spot_imgspot_img