Japan’s Nikkei drops by 10 per cent
Eugene Hoshiko

Japan’s Nikkei drops by 10 per cent

Agency News

Equities in all Asian markets went into a free-fall, with Japan's Nikkei 225 index dropping 10 per cent, and heading for its worst week since the 2008 global financial crisis. MSCI's broadest index of Asia-Pacific shares outside Japan fell 2 per cent.

Analysts say that global economy is likely to bear the brunt of the coronavirus pandemic as the number of cases soars and policymakers scramble to shield major economies from the outbreak.