Tokyo, Beijing … News Time
The Japanese stock market closed on a downward trend, which is expected to affect business and daily activity of the Corona virus spread worldwide, including China. Tokyo’s Nikkei 225 index fell 233.24 points, 1.01 percent on Monday to 22971.94 points. The Topics Index closed 11.78 points down 0.70 percent at 1672.66 points.
On the other hand, the Chinese stock market is suffering severe depression due to the outbreak of the Corona virus, By the time hundreds of companies’ share prices fell by 10%, the Chinese currency’s Yuan exchange rate against the dollar also recorded a 1.5% decline, as business activity was impacted by the spread of the Corona virus worldwide, including China. China’s Shanghai Composite Index fell 241.87 points, or 8.13 percent, to 2734.66 points. The Shenzhen Composite Index lost 145.78 points, down 8.30 percent to 1611.04 points. Hong Kong’s Hang Sang Index fell 23.78 points, 0.09 percent, to 26336.41 points. According to Bloomberg Financial Data, the share prices of more than 2600 companies were down by 10%, at the same time, the exchange rate was down 1.5 percent to 7.02 Yuan per dollar against the US dollar.