Tokyo stocks drop in morning on concerns over rising global COVID-19 cases

Source: Xinhua| 2020-06-29 12:02:47|Editor: huaxia

TOKYO, June 29 (Xinhua) -- Tokyo shares dropped Monday morning as concerns over the future prospects for a global economic recovery from the pandemic were dashed by the number of global COVID-19 cases surpassing 10 million over the weekend.

The 225-issue Nikkei Stock Average dropped 297.39 points, or 1.32 percent, from Friday to 22,214.69.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 18.93 points, or 1.20 percent, at 1,558.44.

All industry categories retreated, with iron and steel, mining and insurance issues comprising those that declined the most by the morning break. Enditem