Nikkei falls more than 5% at rest after the suspension of travel from Europe to the US

The Tokyo Stock Exchange fell more than 5% on Thursday in the mid-session, discouraged by the decision of the United States to cancel trips from European countries due to the coronavirus crisis, deepening concern about its economic impact.

The Nikkei benchmark index came to a half with a decrease of 1,003.82, 5.17%, and stood at 18,412.24 points.

The Topix, which groups the values ​​of the first section, the firms with the largest market capitalization, fell 66.16 points, 4.78%, and stood at 1,318.96 units.

The Tokyo parquet opened trading with a drop of more than 2% after the collapse on Wall Street, where its main indicator, the Dow Jones Industrials, closed with losses of 5.86% due to the persistent concern about the economic impact of the coronavirus. .

The fall in the Japanese square was contained in the first hour, awaiting an appearance by US President Donald Trump, in which investors hoped to find relief from concern about the worldwide spread of the pathogen SARS-CoV-2, which It has spread panic in the stock markets around the world.

This coronavirus causes a pneumonia called COVID-19 that has been declared a pandemic by the World Health Organization (WHO) due to the exponential increase in cases and affected countries. The White House tenant had reiterated that his country had him under control.

Trump's appearance failed to inspire optimism in Tokyo, but instead led to a free fall in his indicators after announcing the 30-day suspension of all travel from Europe to the United States. In order to prevent the spread of the virus, it was not a reassuring announcement that caused more concern to the Japanese market.

Telecommunications conglomerate Softbank accumulated the highest volume of trading on the Tokyo parquet in the first half of the session and came to rest with a 9.03% drop.

It was followed by the textile group Fast Retailing (parent company of the clothing store chain Uniqlo) and the technology group Sony, which fell 5.72% and 3.76%, respectively.


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