Tokyo stocks retreat in morning on global economic concerns

TOKYO, Aug. 15 (Xinhua) -- Tokyo stocks lost ground Thursday morning, after Wall Street plummeted overnight as the bond market pointed to a looming recession, coupled with other indicators suggesting a faltering global economy.


File photo: AFP

The 225-issue Nikkei Stock Average dropped 250.21 points, or 1.21 percent, from Wednesday to 20,404.92.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 17.62 points, or 1.18 percent, at 1,481.88.

All industry categories retreated into negative territory, with oil and coal product, mining and precision instrument-linked issues comprising those that declined the most by the morning break.