Tokyo stocks close lower on concerns over spike in U.S. borrowing costs

0 Comment(s)Print E-mail Xinhua, March 4, 2021
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TOKYO, March 4 (Xinhua) -- Tokyo stocks closed sharply lower Thursday, with the benchmark Nikkei stock index dropping to a one-month low, as investor sentiment was dented by recent market volatility amid a sharp rise in U.S. borrowing costs.

The 225-issue Nikkei Stock Average dropped 628.99 points, or 2.13 percent, from Wednesday to end the day at 28,930.11, marking its lowest closing level since Feb. 5.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 19.80 points, or 1.04 percent, to finish at 1,884.74.

Nonferrous metal, information and communication, and air transportation issues comprised those that declined the most by the close of play. Enditem

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