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Tokyo stocks close sharply lower amid concerns over U.S. stimulus measures

Xinhua News,TOKYO
2020-03-11 14:57

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Tokyo stocks closed sharply lower in choppy trade Wednesday as despite a solid lead from Wall Street overnight, a lack of concrete details about Washington's planned stimulus measures to cushion the effects of the coronavirus added to market jitters.

The 225-issue Nikkei Stock Average dropped 451.06 points, or 2.27 percent, from Tuesday to close the day at 19,416.06, marking its lowest close since Dec. 26, 2018.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 21.56 points, or 1.53 percent, lower at 1,385.12.

Service, real estate and pharmaceutical issues comprised those that declined the most by the close of play.
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