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Nikkei edges down; China virus fears hit airlines

Tuesday, 21 January 2020 10:11 WIB Saham Jepang

Japanese shares dropped on Tuesday, with airlines leading the decline as an outbreak of a new coronavirus has spread to more Chinese cities, stoking fears of a wider epidemic that could hamper the economic activity in the region. Profit-taking was also ripe after the market hit a 15-month high the previous day, especially in recent gainers such as semiconductor-related shares. The Nikkei share average fell 0.82% to 23,886.99 and the broader Topix lost 0.56% to 1,734.46 ahead of a central bank policy meeting outcome. Airline shares dropped 1.6% to become the worst performing sector as the virus outbreak fanned worries that it will spread globally as Chinese travellers take flights abroad...

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