Tokyo stocks close lower on profit-taking amid stimulus deadlock

Source: Xinhua| 2020-10-15 14:45:58|Editor: huaxia
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JAPAN-TOKYO-STOCKS 

A man wearing a face mask passes by an electronic board showing the stock indexes in Tokyo, Japan, Oct. 15, 2020. Tokyo stocks closed lower Thursday as investors opted to secure profits amid concerns over a continued stalemate between Congress and the White House over a U.S. coronavirus stimulus package to help underpin the hard-hit economy. (Xinhua/Du Xiaoyi)

TOKYO, Oct. 15 (Xinhua) -- Tokyo stocks closed lower Thursday as investors opted to secure profits amid concerns over a continued stalemate between Congress and the White House over a U.S. coronavirus stimulus package to help underpin the hard-hit economy.

The 225-issue Nikkei Stock Average dropped 119.50 points, or 0.51 percent, from Wednesday to close the day at 23,507.23.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, ended the day 12.11 points, or 0.74 percent, lower at 1,631.79.

Pharmaceutical, pulp and paper, and food-oriented issues comprised those that declined the most by the close of play. Enditem

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