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  • Tokyo's benchmark Nikkei index fell more than six percent on Friday, trimming losses following a global rout on fears of a recession linked to the coronavirus outbreak. The Nikkei 225 index, which dropped more than 10 percent in the morning session, ended down 6.08 percent or 1,128.58 points, at 17,431.05, while the broader Topix fell 4.98 percent or 66.18 points, to 1,261.70. "The Bank of Japan's liquidity supply operation might have worked" to pare some earlier losses, Hideyuki Suzuki, head of investment information section of SBI Securities, told AFP. "But as there is no fundamental change in the environment linked to the new coronavirus, -- we are now in the stage of the virus spreading to the US, from China initially -- the market will not likely rebound anytime soon, unless the situation in the US improves," he said. Equity markets have been in a global sell-off this week, with the slides exacerbated US President Donald Trump's announcement on Thursday of a travel ban from Europe. Trump's comments suggesting delaying the Tokyo Olympics because of the coronavirus have also weighed on Japan's markets, analysts said. US stocks nosedived on Thursday, spending the entire session deep in the red, with the Dow losing 10 percent in its worst session since 1987. The dollar fetched 105.47 yen in Asian trade, against 104.79 yen in New York on Thursday. In Tokyo, shares were sharply lower across the board, with Toyota dropping 3.56 percent to 6,084 yen, game giant Nintendo down 4.59 percent to 33,220 yen, and telecom and investment titan SoftBank Group falling 5.04 percent to 3,764 yen. Banks were also lower, with Mitsubishi UFJ Financial losing 5.09 percent to 397.1 yen and Sumitomo Mitsui Financial off 5.38 percent to 2,644 yen. kh-nf/sah/ke/je
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  • Tokyo's Nikkei closes down 6%, paring losses after virus rout
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