Nikkei drops, tourism shares hit by China virus concerns
Monday, 27 January 2020 10:07 WIB | MARKET UPDATE |Indeks acuan Nikkei 225IndeksTopixSaham Jepang

Japanese shares tumbled on Monday, with tourism-related stocks taking a fresh hit, on fears that a virus outbreak originating from China could be more deadly and harder to contain than initially thought.

As of 01:55 GMT, the Nikkei share average was down 1.68% at 23,426.58, turning negative on the year, while the broader Topix lost 1.37% to 1,706.77.

China's cabinet said it would extend the week-long Lunar New Year holiday by three days to Feb. 2 in a bid to contain the spread of the disease as the death toll rose to 80.

Popular places such as amusement parks and cinemas are closing down in some places, while the city of Wuhan, the epicentre of the outbreak, is under virtual lockdown with severe restrictions on movement in several other cities.

Source : Reuters

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