WORLD Japan's Nikkei closes lower as COVID-19 concerns see gains pared

WORLD

Japan's Nikkei closes lower as COVID-19 concerns see gains pared

Xinhua

15:57, March 18, 2020

TOKYO, March 18 (Xinhua) -- The benchmark Nikkei stock index reversed earlier gains to close lower Wednesday on continued concerns over the economic impact of the coronavirus pandemic, with the index dropping below the 17,000 threshold for the first time in more than three years.

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(Flie Photo)

The 225-issue Nikkei Stock Average dropped 284.98 points, or 1.68 percent, from Tuesday to close the day at 16,726.55, marking its lowest closing level since Nov. 9, 2016.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 2.38 points, or 0.19 percent, to finish at 1,270.84.

Mining, real estate and warehousing and harbor transportation issues comprised those that declined the most by the close of play.

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