UNITED STATES (OBSERVATORY NEWS) — Japanese stocks fell on Friday to their lowest level in almost six months amid a sell-off on global markets because of fears that an outbreak of coronavirus would escalate into a pandemic.
The Nikkei Index lost 3.7% to 21.142.96 points, the lowest closing level since September 5th. Over the week, the index fell 9.6%, showing the largest weekly decline in four years.
Countries on three continents reported the first cases of coronavirus infection on Friday, while the world was preparing for a possible pandemic, and investors were selling stocks in anticipation of a global recession.
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