Tokyo Disney parks closing for two weeks on virus fears: statement

10:55, February 28, 2020

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  Tokyo stocks close sharply lower on continued coronavirus fears

  TOKYO, Feb. 28 -- Tokyo stocks closed sharply lower on Friday as investors continued to offload issues in line with a global rout, as fears are mounting that the spread of the coronavirus could hurt the global economy.27 points, or 3.

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  Tokyo shares close down more than 3.3% on virus fears

  Photo: AFPTokyo shares dropped more than 3.3 percent on Tuesday, tracking falls on global markets as fears mount that the new coronavirus outbreak will derail economic growth.The benchmark Nikkei 225 index sank 3.34 percent, or 781.33 points, to close at 22,605.41, while the broader Topix index was down 3.33 percent, or 55.74 points, at 1,618.26.Tokyo shares opened sharply lower across the board after Wall Street stocks finished with steep losses on Monday over the virus.Selling pressure remained strong throughout the days trading in the Tokyo market, which was closed on Monday for a national holiday."The loss in New York weighed heavily on buying sentiment here," said Yoshihiro Okumura, general manager at Chibagin Asset Management.Japans geographical proximity to and its economic ties with China fuelled worries over the viruss impact on the worlds third-largest economy, Okumura said."Players are closely watching if US shares can rebound later today," he told AFP.The dollar fetched 110.80 yen in Asian afternoon trade, against 110.71 yen in New York on Monday.In Tokyo, major shares dropped sharply, with Sony losing 2.80 percent to 7,269 yen and Panasonic falling 4.81 percent to 1,137.5 yen.Toyota lost 3.35 percent at 7,574 yen with Honda off 3.42 percent at 2,935 yen and Nissan down 4.50 percent at 481.4 yen.

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  Tokyo stocks close lower on concerns for global economy

  TOKYO, Feb. 26 -- Tokyo stocks ended lower Wednesday, with the benchmark Nikkei stock index closing at a four-month low, as concerns the spread of the COVID-19 virus could hamper the global economy dented investor sentiment.79 percent, from Tuesday to close the day at 22,426.