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Tokyo stocks tumble in morning on quake impact woes, stalled oil talks

Xinhua, April 18, 2016 Adjust font size:

Tokyo stocks plunged Monday morning, with the benchmark Nikkei index dropping 3 percent at one point, as market concerns grow about the economic impact of two powerful quakes pummeling Japan's southwestern region, as well as stalled negotiations in Doha on a production halt by major producers of oil.

The 225-issue Nikkei Stock Average plunged 503.94 points, or 2.99 percent, from Friday to 16,344.09, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange tumbled 39.42 points, or 2.90 percent, to 1,321.98.

With the exception of construction issues, all industry categories on the main section lost ground by the morning break, with notable decliners comprising mining and transportation equipment-linked issues. Enditem