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Tokyo stocks drop sharply in morning on Greek default fears

Xinhua, June 29, 2015 Adjust font size:

Tokyo stocks fell 1.78 percent on Monday morning as a Greek debt default looked likely this week following the collapse of eleventh-hour talks over the weekend, smothering investor sentiment.

The 225-issue Nikkei Stock Average was down 368.81 points, from Friday to end the morning at 20,337.34. The Nikkei briefly fell more than 500 points early in the morning.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange shed 28.41 points, or 1.70 percent, to 1,638. 62.

All industry categories lost ground, with decliners led by real estate, banking and securities. Endi