BUSINESS Tokyo stocks close mixed on COVID-19 concerns, central banks' stimulus

BUSINESS

Tokyo stocks close mixed on COVID-19 concerns, central banks' stimulus

Xinhua

15:53, March 19, 2020

000_1PT5D9.jpgFile photo

TOKYO, March 19 (Xinhua) -- Tokyo stocks closed mixed Thursday as the majority of gains made earlier were reversed as continued concerns over the economic impact of the COVID-19 pandemic weighed on the market, despite the central banks' stimulus measures to cushion the economic blow.

The 225-issue Nikkei Stock Average dropped 173.72 points, or 1.04 percent, from Wednesday to close the day at 16,552.83, marking its lowest closing level since November 2016.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 12.38 points, or 0.97 percent, to finish at 1,283.22.

Mining and electric appliance issues led notable decliners, while land transportation and insurance issues comprised those that gained the most by the close of play.

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