Tokyo stocks close sharply lower on weak earnings, coronavirus concerns
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E-mail Xinhua, July 31, 2020
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TOKYO, July 31 (Xinhua) -- Tokyo stocks closed sharply lower Friday as the yen's strength against the U.S. dollar weighed on exporters, while disappointing corporate earnings and rising coronavirus cases added to a downbeat mood.
The 225-issue Nikkei Stock Average dropped 629.23 points, or 2.82 percent, from Thursday to close the day at 21,710.00.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 43.41 points, or 2.82 percent, to finish at 1,496.06.
Rubber product, marine transportation and mining issues comprised those that declined the most by the close of play. Enditem
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