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2020-04-01 12:27:00

JAPAN STOCKS DOWN

JAPAN STOCKS DOWN

REUTERS - April 1 - Japanese shares plummeted on Wednesday on the first day of the new fiscal year, as investors braced for a potential lockdown of Tokyo, a global recession, and sharp cuts in corporate earnings and dividend payouts due to the coronavirus pandemic.

The benchmark Nikkei average fell 4.5% to a one-week closing low of 18,065.41. However, overall trading was subdued, with the volume of shares traded on the main board valued at 2.72 trillion yen, its lowest level in a month.

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