Tokyo stocks end sharply lower; Nikkei hits record high

Thursday, 15 August 2019

Tokyo stocks ended sharply lower Thursday, with the benchmark Nikkei stock index hitting a six-month low.

The market was observed in dull trading  as the US bond market overnight indicated a recession could be looming amid other indications of a faltering global economy.

The 225-issue Nikkei Stock Average dropped 249.48 points, or 1.21 per cent, from Wednesday to close the day at 20,405.65, marking its the lowest closing level since Feb. 8, reports Xinhua.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 15.65 points, or 1.04 per cent, to finish at 1,483.85.

All industry categories closed in negative territory, with oil and coal product, retail and precision instrument-linked issues comprising those that declined the most by the close of play.