* Dentsu’s shares down almost 20% this year * Firm central to planning, operation of upcoming games * Reported first ever annual operating loss this month * HQ employee diagnosed with coronavirus on Tuesday (Updates with closing share price) By Sam Nussey TOKYO, Feb 26 (Reuters) – Dentsu Group Inc’s shares slid for a sixth day to seven year lows on Wednesday, with the spread of the coronavirus raising worries that the Olympic Games in Tokyo will be cancelled and bring pain for Japan’s largest ad agency. The virus epidemic has roiled global markets as investors worry about its economic impact. Japan’s benchmark index declined 1% with Dentsu falling as much as 2.6% and down almost 20% year-to-date. Dentsu is deeply involved in the planning and operation of the upcoming games and had been anticipating a big boost to its earnings as Japan Inc ramps up advertising spending ahead of the once-in-a-generation event. Officials have denied the Olympics will be postponed or cancelled. But Tokyo has been forced to postpone training for volunteers, with large scale events impacted such as the Tokyo Marathon, which has been cancelled for entrants from the general public. Dentsu plunged to an annual operating loss… Read full this story
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