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Japanese Shares Fall on Worries Domestic Lockdowns are Looming
Thursday, 26 March 2020 10:54 WIB | MARKET UPDATE |Nikkei 225Saham JepangIndeksTopix

Japanese shares took a tumble on Thursday following three days of massive gains after a rise in domestic coronavirus cases stoked worries of tougher domestic restrictions for social distancing.

The Nikkei share average dropped 3.8% to 18,803.29. It had risen 18% in the last three sessions, including an 8% gain the previous day - its biggest since 2008. The broader Topix fell 2.2% to 1,392.77.

The rally was driven by a range of factors, including buying from domestic public accounts and hopes of big U.S. stimulus, which all prompted sellers to unwind their positions.

But the sentiment soured after Tokyo™s governor late on Wednesday asked residents to avoid non-essential outings through until April 12, warning of the risk of an explosive rise in infections in Japan™s capital.

Source : Reuters

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