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Tokyo stocks drop sharply in early trading on GDP data, geopolitical concerns

Xinhua, November 16, 2015 Adjust font size:

Tokyo stocks dropped sharply in early trading Monday as data released just before the opening bell showed a contracted Japanese economy for a second straight quarter, coupled with a risk-off mood triggered by the Paris terror attacks, sending the majority of categories lower.

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 250.23 points, or 1.28 percent, from Friday to 19,346.68, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange fell 18.68 points, or 1.18 percent, to 1,567.15.

All categories retreated in early trading, except mining-related issues, with notable decliners led by air transport, insurance and land transport-linked stocks. Enditem