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Tokyo stocks open lower as oil price slump dampens mood

Xinhua, January 20, 2016 Adjust font size:

Tokyo stocks opened lower Wednesday as traders were in circumspect mood on a continued slump in oil prices and wider concerns about the outlook for the global economy.

At 9:15 a.m., the 225-issue Nikkei Stock Average dropped 106.94 points, or 0.63 percent, from Tuesday to 16,941.43.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 9.53 points, or 0.69 percent, at 1,380.88.

Among notable early decliners were mining, marine transportation, and oil and coal-linked stocks. Endit