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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.
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