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