- Title: Japan stocks rise, Hong Kong, South Korea slide amid virus fears
- Date: 23rd March 2020
- Summary: TOKYO, JAPAN (MARCH 23, 2020) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE
- Keywords: Hang Seng Index Hong Kong markets Japan KOSPI Nikkei 225 index South Korea Tokyo Stock Exchange new coronavirus
- Reuters ID: LVA001C69T8AV
- Location: TOKYO, JAPAN / HONG KONG, CHINA / SEOUL, SOUTH KOREA
- City: TOKYO, JAPAN / HONG KONG, CHINA / SEOUL, SOUTH KOREA
- Country: Various
- Duration: 00:00:06
- Aspect Ratio: 16:9
- Topics: Economic Events
- Story Text:Japanese stocks rebounded strongly on Monday (March 23) on optimism the Tokyo Olympics will not be cancelled after the possibility of a postponement was flagged by the International Olympic Committee (IOC) for the first time.
Japan's benchmark Nikkei 225 closed up 2.02% at 16,887.78 points. But overall sentiment remained fragile as U.S. stock futures and Asian shares sank as a rising tide of national lockdowns threatened to overwhelm policymakers' frantic efforts to cushion what is likely to be a deep global recession.
Hong Kong stocks fell by their most in nearly 26 months, with the benchmark Hang Seng Index down 4.86% to 21,696.13 points, posting its biggest drop since February 6, 2018. In South Korea, the KOSPI slipped 5.34% to 1,482.46 points, having fallen as much as 6.9% in early trade.
The mounting economic toll led to a major rally in sovereign bonds late last week, with efforts by central banks to restore liquidity in the market allowing for more two-way trade.
(Production: Yoyo Chow, Daewoung Kim, Hideto Sakai, Akiko Okamoto, Hyunyoung Yi)
- Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2020. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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