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Tokyo stocks close lower as record COVID-19 cases dent sentiment

Xinhua News,TOKYO
2020-07-17 16:00

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TOKYO, July 17 (Xinhua) -- Tokyo stocks closed lower Friday as earlier gains were reversed after a fresh record high coronavirus cases in Tokyo raised concerns over restrictions being reissued and the country's recession-hit economy being further hampered.

The 225-issue Nikkei Stock Average dropped 73.94 points, or 0.32 percent, from Thursday to close the day at 22,696.42.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 5.21 points, or 0.33 percent, to finish at 1,573.85.

Air transportation, real estate, and iron and steel issues comprised those that declined the most by the close of play.
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