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Tokyo stocks open lower as U.S.crude oil futures turn negative for 1st time

Xinhua News,TOKYO
2020-04-21 09:14

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TOKYO, April 21 (Xinhua) -- Tokyo stocks opened lower Tuesday as fears over the downside risks on the global economy of the coronavirus pandemic grew after crude oil futures plunged below zero for the first time in New York overnight.

As of 9:15 a.m., the 225-issue Nikkei Stock Average lost 270.17 points, or 1.37 percent, from Monday to 19,398.95.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 14.74 points, or 1.03 percent, at 1,417.67.

Mining, oil and coal product, along with pulp and paper, and iron and steel issues comprised those that declined the most in the opening minutes after the morning bell.
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