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Tokyo stocks tumble on global economic concerns

2019-03-25 15:14

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TOKYO, March 25 (Xinhua) -- Tokyo stocks closed sharply lower Monday, tracking losses on Wall Street overnight, as downbeat U.S. and European economic data sparked fresh concerns about the outlook for the global economy.

The 225-issue Nikkei Stock Average dropped 650.23 points, or 3.01 percent, from Friday to close the day at 20,977.11, marking its lowest closing level since Feb. 15. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 39.70 points, or 2.45 percent, to finish at 1,577.41.

Oil and coal product, nonferrous metal and machinery-linked issues comprised those that declined the most by the close of play.
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