Tokyo: Nikkei closes down more than 2% on China virus fears

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[TOKYO] Tokyo's benchmark Nikkei index dropped more than 2 per cent Monday on concerns over the potential impact of a new coronavirus that has killed at least 80 people in China.

The Nikkei 225 index lost 2.03 per cent or 483.67 points to close at 23,343.51, while the broader Topix index fell 1.61 per cent or 27.87 points to 1,702.57. "Worries over the coronavirus have been strengthening, as it has spread to France, Nepal, Australia, and Malaysia, with investors nervously watching reports about the increasing number of patients," Okasan Online Securities chief strategist Yoshihiro Ito said in a commentary.sentifi.com"It's hard to buy actively as the outlook for the outbreak remains uncertain," said Toshikazu Horiuchi, a broker at IwaiCosmo Securities.

 

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