Stocks continue to fall

27-Feb-2020 Intellasia | JapanTimes | 6:02 AM Print This Post

Tokyo stocks fell further on Wednesday, with investor sentiment dampened by fears over a global spread of the new coronavirus, which originated in China.

The Nikkei average of 225 selected issues on the first section of the Tokyo Stock Exchange dropped 179.22 points, or 0.79%, to end at 22,426.19, after plummeting 781.33 points on Tuesday.

The TOPIX index of all TSE first-section issues finished down 12.09 points, or 0.75%, at 1,606.17, after a 55.74-point tumble the previous day.

Both indexes got off to a weak start as an overnight plunge of US stocks caused dismay among market players.

The tumble on Wall Street came after the US Centers for Disease Control and Prevention warned Tuesday that it is a matter of time before the coronavirus spreads across the United States and urged people to prepare for such a development, brokers said.


Category: Japan

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