Tokyo: Stocks down more than 2% on virus worries
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] Tokyo stocks ended down more than two per cent on Thursday as investors closely tracked headlines over the spreading coronavirus outbreak.
The benchmark Nikkei 225 fell 2.13 per cent, or 477.96 points, to close at 21,948.23, while the broader Topix index dropped to 1,568.06.
"There are concerns over the spread of new coronavirus infections. The first US case with no link to foreign travel also dampened investor sentiment," Okasan Online Securities strategist Yoshihiro Ito said in a commentary.
As Tokyo trade started, President Donald Trump told a news conference the US was prepared to escalate its response to the outbreak on a "much larger scale" should it continue to spread.
The falls in Tokyo came as global stocks finished mixed, somewhat stabilising after two bruising sessions on worries about the spread of the coronavirus.
AFP
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Aiming at China, Malaysia puts new restrictions on electric cars
Singapore tightens monetary policy for first time since 2022, raises inflation forecasts amid Iran war oil shock
Mustafa Centre begins fit-out at JB’s Capital City Mall after 2-year delay
