Tokyo stocks open lower after stimulus talks stopped by Trump

Xinhua News,TOKYO
2020-10-07 09:09

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TOKYO, Oct. 7 (Xinhua) -- Tokyo stocks opened lower Wednesday after Wall Street lost ground overnight after U.S. President Donald Trump decided to halt negotiations for additional stimulus to help underpin the virus-hit economy.

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 122.43 points, or 0.52 percent, from Tuesday to 23,311.30.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 9.44 points, or 0.57 percent, at 1,636.31.

Pharmaceutical, iron and steel, and nonferrous metal issues comprised those that declined the most in the opening minutes after the morning bell.
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