Japanese share market closed down after wiping out early gains on Monday, 29 December 2014, as risk aversion selloff flared in afternoon trade on reports a man is being tested for deadly Ebola virus in Tokyo. The Nikkei Stock Average declined 89.12 points, or 0.5%, to 17729.84.
Tokyo shares opened firmly higher, inspired by last week's strong Wall Street performance. The Tokyo market also reacted positively to the Cabinet's passage of almost $30 billion in stimulus. The package includes measures to bolster smaller businesses hurt by the falling yen snd public works projects for rebuilding disaster-hit areas.
But, market backpedalled in afternoon trading, erasing more than what accumulated during morning session, after the health ministry announced a suspected case of the deadly Ebola virus.
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