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Tokyo stocks close sharply lower on concerns over global impact of COVID-19

Xinhua News,TOKYO
2020-04-01 15:53

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Tokyo stocks tumbled Wednesday amid concerns over downbeat consumer sentiment data for March dragging U.S. shares lower overnight and the Bank of Japan's Tankan survey further fueling concerns over the economic impact of the COVID-19 pandemic.

The 225-issue Nikkei Stock Average dropped 851.60 points, or 4.50 percent, from Tuesday to close the day at 18,065.41.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 51.96 points, or 3.70 percent, to finish at 1,351.08.

All industry categories retreated into negative territory by the close of play, with air transportation, service and rubber product issues comprising those that declined the most.
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