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Nikkei closes at 2-month low on Italy's budget concerns,geopolitical issues

TOKYO
2018-10-23 15:42

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Tokyo stocks closed sharply lower on Tuesday with the benchmark Nikkei stock index slumping to a two-month low as investor sentiment was dampened by Italy's budget plans and geopolitical issues concerning the United States and Saudi Arabia, and the United States and Russia.

The 225-issue Nikkei Stock Average dropped 604.04 points, or 2.67 percent, from Monday to close the day at 22,010.78.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 44.59 points, or 2.63 percent, to finish at 1,650.72.

All industry categories on the main section lost ground, with metal product, construction, and glass and ceramics product-linked issues comprising those that declined the most by the close of play.
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