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Nikkei down more than 7% after global rout on virus

US, WASHINGTON (NEWS OBSERVATORY) — Tokyo shares opened substantially lower Friday, with the benchmark Nikkei index falling over 6 percent to below the 18,000 threshold after the Dow Jones index logged its biggest percentage fall since the 1987 Black Monday crash.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average dropped 1,259.35 points, or 6.79 percent, from Thursday to 17,300.28. The index fell below the 18,000 mark for the first time since November 2016.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 77.03 points, or 5.80 percent, at 1,250.85.

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