Tokyo shares close lower on concerns over Middle East

Source: Xinhua| 2017-12-06 19:07:25|Editor: pengying
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TOKYO, Dec. 6 (Xinhua) -- Tokyo shares tumbled Wednesday on concerns over the Middle East situation after U.S. media reported that U.S. President Donald Trump is to recognize Jerusalem as Israel's capital.

Shares opened lower in the morning, tracking Wall Street losses overnight on concerns over whether the U.S. Senate and the House of Representatives could work out a compromise tax reform bill and enact it within the year.

Market sentiment was further weighed down on concerns over further tensions in the Middle East after media reported that U.S. President Donald Trump is to recognize Jerusalem as Israel's capital and move the U.S. embassy from Tel Aviv to Jerusalem.

The 225-issue Nikkei Stock Average ended down 445.34 points, or 1.97 percent, from Tuesday at 22,177.04, its lowest close for three weeks.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 25.55 points, or 1.43 percent, lower at 1,765.42.

Among all shares listed on the First Section, advancing issues sharply outnumbered decliners 1,677 to 319, with 45 ending the day unchanged.

Decliners were led by mining, nonferrous metal and precision instrument issues.

On the main section, 1,791.74 million shares changed hands, rising from Tuesday's volume of 1,477.12 million shares.

The day's turnover was around 3,208.9 billion yen (28.62 billion U.S. dollars).

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