Nikkei down after Wall St plunge, but Topix up on more BOJ buying [Reuters]
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Source: Reuters
Nikkei down after Wall St plunge, but Topix up on more BOJ buying SYDNEY, March 17 (Reuters) - Japan’s Nikkei dipped on Tuesday after Wall Street saw the worst session since the 1987 Black Monday, but the broader market was higher as the central bank’s pledge to buy risky assets lent support. The overall sentiment, however, was fragile as lockdowns in Europe and the United States to combat the coronavirus’ spread fanned fears of further economic pain from the pandemic that has battered global financial markets. The benchmark Nikkei average ended the morning session 0.5% lower at 16,923.34 in choppy trade, having touched its lowest since November 2016 earlier in the session. The Nikkei’s volatility index, a measure of investors’ volatility expectations based on option pricing, fell 5.3% to 57.43. However, it was not far from Monday’s nine-year peak of 60.86. The broader Topix was up 0.4% at 1,240.97 by the midday break, after earlier falling to 1,199.25, its lowest since June 2016. Hop
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