Nikkei suffers a CVID-19 anxiety obliterates stimulus optimism

Japanese benchmark index Nikkei placed flat and erased previous earnings on Thursday. Such inactivity followed as the European Central Bank stimulus had only relieved investors  anxiety for a while over the economic slowdown brought by the virus contagion.

The Nikkei dropped 0.7% to 16, 602.28 at its midday session. The recent percentage placed neutral from Tuesday s record of 30-1/2 year low of 16,378.94. The index recorded upbeat movement during its early trading hours before plunging down.

Nikkei-dependent SoftBank Group Corp plummeted 10.3% on emerging ambiguity and anomalies about portfolios of unproven startups

Traders believed that global investors are on a move to liquidate assets before potential market restrictions are implemented due to novel coronavirus crisis.

https://dowmarkets.com/en/news/nikkei-suffers-as-covid-19-anxiety-obliterates-stimulus-optimism