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Nikkei plunges to 7-month low amid concerns over economic outlook

Xinhua, September 8, 2015 Adjust font size:

Tokyo stocks shed 2.43 percent in choppy trading Tuesday, with its bench mark Nikkei stocks index closing at a seven-month low, as a combination of mixed gross domestic product data from Japan and weak Chinese trade indicators crushed investor sentiment.

The 225-issue Nikkei Stock Average was down 433.49 points, from Monday at 17,427.08, its lowest close since Feb. 3. The broader Topix index of all First Section issues on the Tokyo Stock Exchange moved 28.94 points, or 2.00 percent, lower at 1,416.71.

Decliners were led by pharmaceuticals, foods and retail issues.

The turnover was 2,274.19 billion yen (about 19.13 billion U.S. dollars). Endi