Tokyo stocks close sharply lower on coronavirus concerns, tumbling oil prices

Tokyo stocks closed sharply lower Monday on rising concerns about the global economic impact of the coronavirus, with the yen's rise and tumbling oil prices contributing to the sell-off. The 225-issue Nikkei Stock Average plunged 1,050.99 points, or 5.07 percent, from Friday to close the day at 19,698.76, marking its lowest closing level since Jan. 4, last year.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, tumbled 82.49 points, or 5.61 percent, to close at 1,388.97.

All industry categories closed in negative territory, with oil and coal product, and bank-oriented issues comprising those that declined the most by the close of play.