BUSINESS Tokyo stocks close sharply lower as yen spikes on Middle East tensions

BUSINESS

Tokyo stocks close sharply lower as yen spikes on Middle East tensions

Xinhua

16:02, January 06, 2020

TOKYO, Jan. 6 (Xinhua) - Tokyo stocks closed sharply lower on Monday, the first trading day of 2020, as rising tensions in the Middle East saw the yen surge as investors piled into safe-haven assets amid a risk-off mood.

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(File photo)

The 225-issue Nikkei Stock Average dropped 451.76 points, or 1.91 percent, from Dec. 30 to close the day at 23,204.86.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 23.87 points, or 1.39 percent, to finish at 1,697.49.

Marine transportation, transportation equipment, and air transportation-linked issues comprised those that declined the most by the close of play.

Markets here had been closed since Tuesday for the New Year holidays. 

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