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Nikkei closes down 2.10 pct as China, U.S. data triggers selloff

Xinhua, November 2, 2015 Adjust font size:

Tokyo shares closed sharply lower Monday as investors offloaded issues to lock in gains following Chinese manufacturing data and consumer spending statistics in the U.S. coming in below median analysts' expectations.

The 225-issue Nikkei Stock Average dropped 399.86 points, or 2.10 percent, from Friday to close at 18,683.24, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange lost 31.23 points, or 2.00 percent, to end the day at 1,526.97.

Along with China's manufacturing data, local brokers here pointed to U.S. consumer spending in September, which accounts for more than two-thirds of U.S. economic activity, edging up just 0.1 percent last month to its smallest gain in eight months, after rising 0.4 percent in August, as dampening investor sentiment and triggering a broad selloff.

The majority of categories on the main section lost ground Monday, led by iron and steel, shipping and nonferrous metal-related issues.

The turnover was 2,464.5 billion yen (about 20.48 billion U.S. dollars). Endit