Tokyo stocks close sharply lower on concerns trade issues

Source: Xinhua| 2019-07-18 15:38:43|Editor: xuxin
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TOKYO, July 18 (Xinhua) -- Tokyo stocks closed sharply lower Thursday, as investor sentiment was dented by a weak lead from Wall Street overnight and concerns corporate earnings will be impacted global trade issues.

The 225-issue Nikkei Stock Average dropped 422.94 points, or 1.97 percent, from Wednesday to close the day at 21,046.24, marking its lowest close since June 18.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 33.14 points, or 2.11 percent, to finish at 1,534.27.

All industry categories retreated into negative territory, with oil and coal product, mining and marine transportation issues comprising those that declined the most by the close of play.

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