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Tokyo's benchmark Nikkei index lost more than 1.5 percent Monday, as the spreading coronavirus prompted investors to cash in on recent gains with a higher yen also weighing on the market.

The Nikkei 225 index, which jumped nearly four percent on Friday, fell 1.57 percent, or 304.46 points, to close at 19,084.97.

The broader Topix index dropped 1.64 percent, or 23.95 points, to 1,435.54.