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  • Tokyo's benchmark Nikkei index dropped more than 3.4 percent on Monday over fears of rising coronavirus infections in the US and a new outbreak in China. The Nikkei 225 index lost 3.47 percent, or 774.53 points, to close at 21,530.95, while the broader Topix index fell 2.54 percent, or 39.90 points, to 1,530.78. "Concerns over a second wave of infections are growing as clusters of new infections were reported in the US and China, while the number of new cases increased in Tokyo," Okasan Online Securities said in a commentary. The Tokyo Metropolitan Government reported a surge in new infections on Sunday and Monday, surpassing 40 on both days. China also reported its highest daily number of new coronavirus cases in months on Sunday, triggering fears of a second wave of infections. Officials in Beijing have locked down neighbourhoods and launched a massive test and trace programme after a fresh batch of cases was detected in the capital last week. The dollar fetched 107.18 yen in Asian trade, against 107.39 yen in New York on Friday. In Tokyo trading, SoftBank Group fell 3.27 percent to 4,905 yen while Uniqlo chain operator Fast Retailing dropped 5.00 percent to 60,800 yen. Airlines were also lower, with Japan Airlines plunging 6.10 percent to 2,092 yen and ANA Holdings 4.03 percent to 2,565.5 yen. Sony slid 1.17 percent to 7,317 yen. kh-nf/sah/amj
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  • Tokyo's Nikkei closes down over 3.4% on virus fears
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