Japan stocks plunge nearly 4% as virus fears grow; Malaysia markets watched amid political turmoil [CNBC]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
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Source: CNBC
Stocks in Japan saw sharp declines on Tuesday morning following an overnight plunge on Wall Street amid fears of the economic hit that could result from the ongoing coronavirus outbreak that is spreading beyond China. Returning from a Monday holiday, the Nikkei 225 plunged 3.97% in early trade, before easing to about 3.65% as shares of index heavyweight Fast Retailing dropped 4.35%. The Topix index also declined 3.92%. South Korea's Kospi was 0.11% higher, following sharp losses seen on Monday as the country witnessed a spike in the number of coronavirus cases in recent days. Seoul raised the coronavirus alert to the "highest level" over the weekend, with South Korea now the country with the most cases outside mainland China. Consumer confidence in South Korea dropped in February to a six-month low, South Korean news agency Yonhap reported Tuesday . The Composite Consumer Sentiment Index for February fell to 96.9, declining 7.3 points from its reading in January, according to data fro
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