BUSINESS Tokyo stocks drop in morning on growing trade concerns

BUSINESS

Tokyo stocks drop in morning on growing trade concerns

Xinhua

12:36, August 13, 2019

TOKYO, Aug. 13 (Xinhua) -- Tokyo stocks dropped sharply Tuesday morning after inheriting a weak lead from Wall Street overnight on growing concerns about global trade issues.

File photo: AFP

The 225-issue Nikkei Stock Average fell 244.31 points, or 1.18 percent, from Friday to 20,440.51.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 17.22 points, or 1.15 percent, at 1,486.62.

All industry categories retreated into negative territory, with rubber product, iron and steel, and oil and coal product issues comprising those that declined the most by the morning break.

Japanese markets were closed on Monday for a national holiday.

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