BUSINESS Tokyo stocks close sharply lower on trade concerns, firm yen

BUSINESS

Tokyo stocks close sharply lower on trade concerns, firm yen

Xinhua

15:36, August 13, 2019

TOKYO, Aug. 13 (Xinhua) -- Tokyo stocks closed sharply lower Tuesday, with the benchmark Nikkei stock index ending at a two-month low on heightening concerns about trade issues and the yen's strength against the U.S. dollar.

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File photo: AFP

The 225-issue Nikkei Stock Average lost 229.38 points, or 1.11 percent, from Friday to close the day at 20,455.44, marking its lowest close since June 4.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 17.27 points, or 1.15 percent, to finish at 1,486.57.

Mining, iron and steel, and oil and coal product-linked issues comprised those that declined the most by the close of play.

Japanese markets were closed on Monday for a national holiday.

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