Tokyo stocks close sharply lower as global economic concerns spark selloff

0 Comment(s)Print E-mail Xinhua, December 18, 2018
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TOKYO, Dec. 18 (Xinhua) -- Tokyo stocks closed sharply lower Tuesday as investors were in a risk-off mood and offloaded issues, tracking a heavy selloff on Wall Street overnight on concerns over a global economic slowdown.

The 225-issue Nikkei Stock Average dropped 391.43 points, or 1.82 percent, from Monday to close the day at 21,115.45.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 31.69 points, or 1.99 percent, to finish at 1,562.51.

By the close of play, all industry categories in the main section retreated into negative territory, with pharmaceutical, service and miscellaneous product issues comprising notable decliners. Enditem

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