The Japanese Stock Market Ended Lower Again on Wednesday
The Japanese stock market ended lower again on Wednesday. Investors remained concerned about the economic impact of the new coronavirus, which seems to be spreading ever further in countries outside of China.
Most other stock exchanges in the Asian region also lost ground again.
The main index in Tokyo, the Nikkei 225, closed with a loss of 0.8 percent at 22,426.19 points. In the meantime, the Japanese index tapped the lowest level since 15 October 2019.
Considerable losses were suffered in particular among the raw material companies and in the aviation sector.
Real estate group Mitsubishi Estate fell 2.8 percent. According to Bloomberg news agency, a person infected with the coronavirus has been in the Shin Marunouchi Building. That office building is one of Mitsubishi Estate’s most significant projects in the Tokyo business district.
Dentsu Group advertising agency fell 0.7 percent due to fears that the Tokyo Summer Olympics will not take place this year and the company will miss out on a lot of advertising revenue.
The Shanghai stock exchange offset an earlier price loss and, in the meantime, gained 0.1 percent in the plus.
The Hang Seng index in Hong Kong lost 0.8 percent and the Kospi in Seoul dropped 1 percent. The All Ordinaries in Sydney ended 2.3 percent lower under the leadership of the four major Australian banks.