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Tokyo stocks close 0.42 pct. lower as China weakens yuan

Xinhua, August 11, 2015 Adjust font size:

Tokyo stocks closed 0.42 percent lower on Tuesday after China's central bank moved to boldly devalue its currency during the day.

The 225-issue Nikkei Stock Average was down 87.94 points, from Monday at 20,720.75. The broader Topix index of all First Section issues on the Tokyo Stock Exchange lost 3.69 points, or 0.22 percent, to 1,687.60.

Decliners were led by warehousing, air transport and utilities.

The turnover was 2,972.39 billion yen (about 23.84 billion U.S. dollars). Endi