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Tokyo stocks lose ground in morning as ECB holds fire on further rate cut

Xinhua, March 11, 2016 Adjust font size:

Tokyo stocks lost ground on Friday morning after the European Central Bank (ECB) signaled it wouldn't further lower its interest rate, despite unrolling sizable additional easing measures.

The 225-issue Nikkei Stock Average dropped 146.80 points, or 0.87 percent, from Thursday to 16,705.55.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 8.76 points, or 0.65 percent, to 1,343.41.

Decliners by the morning break most notably comprised mining, machinery, and insurance-linked issues. Endit