Stock price temporarily drops by more than 400 yen Shanghai market drops sharply and cautious dealings February 3 15:50

A wide range of stocks were sold on the Tokyo Stock Market on March 3 due to concerns about the spread of the new coronavirus, and the Nikkei 225 fell temporarily by over 400 yen. The Chinese and Shanghai markets, which resumed trading on March 3 after the Lunar New Year holidays, fell sharply, and the Tokyo market remained cautious throughout the day.

In the Tokyo Stock Exchange on the 3rd, the Nikkei Stock Average temporarily fell by more than 400 yen compared to the closing price of last weekend, immediately after the start of trading, as the spread of the new coronavirus continued.

The Chinese market, which had been absent during the Chinese New Year, resumed trading and the stock market continued to be cautious throughout the day as representative stocks dropped significantly.

After all, the closing price of the Nikkei Stock Average on March 3 was 23,974 yen, which is 23,324 yen lower than last weekend.

TSE Stock Index = Topics fell 11.78 to 1672.66.

The daily turnover was 1,357.97 million shares.

A market source said, "The stock market in the Shanghai market was spotlighted, but many investors were expecting a bigger drop, so selling did not become a sell-off. Otherwise, cautious buying and selling will continue for the foreseeable future, as corporate production and the movement of people will be restricted, which could severely impact the global economy. "