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Nikkei retreats as China virus spreads, energy-linked firms sag


Thursday, 23 January 2020 10:30 WIB

Saham Jepang


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Tokyo shares dropped on Thursday, led by energy-related and cyclical stocks, as investors remained anxious about the spread of a new flu-like virus in China and awaited Japanese corporate earnings.

The Nikkei share average dropped 0.5% to 23,901.72 in mid-morning trade, giving up nearly all the gains made in the previous session, while the broader Topix fell 0.4% to 1,736.65.

A broad range of shares fell, with all but one of the Tokyo Stock Exchange’s 33 industry subindexes in negative territory.

Traders said a sharp slide in commodity prices, partly due to worries about China’s virus outbreak, weighed on commodity-related and cyclical stocks.

Source: reuters


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