Tokyo stocks plunge as global economic fears trigger sell off
Xinhua, January 14, 2016 Adjust font size:
Tokyo stocks plunged Thursday with the benchmark Nikkei Stock index sinking 4 percent at one point, as Wall Street's overnight downturn in addition to concerns about a slowdown in China's economy and ongoing geopolitical woes sparked a selloff.
The 225-issue Nikkei Stock Average tumbled 474.68 points, or 2.68 percent, from Wednesday to close at its lowest level since September at 17,240.95.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, plunged 35.54 points, or 2.46 percent, to finish at 1406.55.
All categories on the main section retreated, with mining, wholesale trade and pharmaceutical issues comprising the biggest decliners.
The turnover for the day was 2,856.2 billion yen (24.31 billion U.S. dollars). Endit