Japanese stocks down after Wall Street due to banking and auto sector

US, WASHINGTON (ORDO NEWS) — Japanese stocks fell Thursday following the fall of Wall Street on the eve of gloomy market sentiment due to the economic impact of the COVID-19 pandemic, with the banking and auto sectors leading the fall.

The Nikkei Index ended the session with a decline of 1.3% to 19.290.20 points. The Nikkei Volatility Index, considered a barometer of market concerns, rose 8.6% to 39.36.

The broader Topix index fell 0.8% to 1.422.24 points, with two thirds of all sectors slipping into negative territory.

Shares of Toyota Motor Corp fell 2.0% after the company announced that it would reduce the production of finished cars at 18 plants in Japan due to an outbreak of coronavirus.

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