September 26, 2020

The Tokyo stock market falls more than 3% due to persistent concern about the pandemic

The Tokyo Stock Exchange opened Monday with a drop of over 3%, due to the persistent concern of investors about the SARS-CoV-2 coronavirus pandemic and its impact on the global economy as contagions and deaths increase.

After the first half hour of trading, the Nikkei fell 637.20 points, 3.29%, and stood at 18,752.23 points.

The Topix, which includes the firms in the first section, those with the largest market capitalization, fell 52.00 points, 3.56%, and stood at 1,407.49 units.

The air transport sector, banking and insurers led the losses at the start of the negotiation.

Investors in Tokyo reacted pessimistically to signs that confinement measures and movement restrictions imposed on more and more countries could drag on for some time, as they combat the spread of the coronavirus pandemic, which could have a greater economic impact than as planned.


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