Nikkei suffers a CVID-19 anxiety obliterates stimulus optimism

in #nikkei • 5 years ago

Japanese benchmark index Nikkei placed flat and erased previous earnings on Thursday. Such inactivity followed as the European Central Bank stimulus had only relieved investors  anxiety for a while over the economic slowdown brought by the virus contagion.

The Nikkei dropped 0.7% to 16, 602.28 at its midday session. The recent percentage placed neutral from Tuesday s record of 30-1/2 year low of 16,378.94. The index recorded upbeat movement during its early trading hours before plunging down.

Nikkei-dependent SoftBank Group Corp plummeted 10.3% on emerging ambiguity and anomalies about portfolios of unproven startups

Traders believed that global investors are on a move to liquidate assets before potential market restrictions are implemented due to novel coronavirus crisis.

https://dowmarkets.com/en/news/nikkei-suffers-as-covid-19-anxiety-obliterates-stimulus-optimism

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5 years ago in #nikkei by
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