New week Tokyo market disruption stopped or school closed with new virus

At the beginning of the week, the Tokyo market will stop turmoil or school closed with a new virus March 2, 4:58

Concerns over the spread of the new coronavirus infection will trigger a weekly transaction last week on the Tokyo Stock Exchange, where stock prices have plummeted. As school closures and self-restraint events have an impact on economic activity in the country, the focus will be on stopping market disruptions.

In the Tokyo Stock Market last week, the stock price has plummeted due to the view that the spread of the new coronavirus will have a serious impact on the global economy, and the Nikkei Stock Average has dropped twice more than 1,000 yen twice in unusual developments became.

Last week's drop was more than 2,243 yen, 12 years ago, the largest since the stock price plummeted after the collapse of Lehman Brothers.

The U.S. New York stock market has also been hit by a record stock price drop, with the Dow Jones Average dropping to a record high, and the US central bank, Fed, chairman of the Federal Reserve Board Powell urgently to curb market volatility. Statement indicated the possibility of additional rate cuts.

With the global stock prices still on the horizon, the Tokyo market will begin trading this week at 9:00 am on the 2nd.

The government and the Bank of Japan are closely watching the financial markets this week, as the stock price plunges and the yen's appreciation against the dollar in foreign exchange markets.

In Japan, the impact on economic activity is widespread due to school closures and self-restraint of successive events, but the focus will be on whether the disruption in the financial markets will be stopped.

This week will test if the market will lull

Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities, said in the Tokyo Stock Market outlook for the week, "Investors' panic movements have been curtailed by the US Federal Reserve's suggestion of possible further rate cuts. I think that the yen is depreciating against the dollar in the foreign exchange market, which is negative for the Japanese export industry, and it is unlikely that the Tokyo market's stock price will recover at once. "

He added, "This week, investors will settle and calm the market will be tested."