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Tokyo stocks close lower on caution ahead of earnings reports

Xinhua News,TOKYO
2020-07-28 15:58

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TOKYO, July 28 (Xinhua) -- Tokyo stocks closed lower Tuesday as solid early gains made on technology issues' advance gave way to market caution and selling ahead of the release of corporate earnings reports.

The 225-issue Nikkei Stock Average lost 58.47 points, or 0.26 percent, from Monday to close the day at 22,657.38.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 7.57 points, or 0.48 percent, to finish at 1,569.12.

Air transportation, electric power and gas, and real estate issues comprised those that declined the most by the close of play.
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