Tokyo stocks open sharply lower on concerns over global economy

Japan Economic Newswire |

Tokyo stocks opened sharply lower Thursday, with the Nikkei briefly sinking 2 percent, after U.S. shares tumbled overnight as the bond market indicated a coming recession amid the prolonged U.S.-China trade war.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 405.45 points, or 1.96 percent, from Wednesday to 20,249.68. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 29.09 points, or 1.94 percent, at 1,470.41.

Every industry category lost ground, led by oil and coal product, mining, and iron and steel issues.


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