Japan stocks erase gains as coronavirus fears offset tech earnings hopes

📆 24/01/2020 09:37:00
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“The markets started on a positive note as information technology and industrial equipment stocks rose after better-than-expected sales and profit forecasts from US chipmaker Intel Corporation.”

Stock figures are displayed on screens at the Tokyo Stock Exchange in Tokyo, Japan. Picture: KIYOSHI OTA/BLOOMBERG

But investors turned cautious after China said the death count rose to 25 from the coronavirus, with 830 confirmed cases as of Thursday and as Chinese authorities placed two cities on lockdown to contain the virus.

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