Nikkei ends higher, but sees worst week in 6 months as virus spreads [Reuters]
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Source: Reuters
Nikkei ends higher, but sees worst week in 6 months as virus spreads TOKYO, Jan 31 (Reuters) - Nikkei closed higher on Friday as some upbeat corporate earnings and forecasts helped, although the benchmark recorded its worst weekly slide in six months on fears of the rapidly-spreading coronavirus in China. The Nikkei share average ended 1.0% higher at 23,205.18, but lost 2.6% in the week. January’s fall of 1.9% was its first monthly loss since August last year. The broader Topix closed up 0.6% at 1,684.44 to end a punishing week. Investors remained on the edge over how much the virus could disrupt the global economy, with the World Health Organisation (WHO) declaring it a global health emergency. “Although I’m not denying the possibility that this coronavirus outbreak may hurt the economy, I think it has only limited and short-lived impact on Japan’s stock market,” said Archibald Ciganer, co-head of Japanese equity at T.Rowe Price. “It has provided buying opportunities for some investo
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