Tokyo stocks close sharply lower on weak earnings, coronavirus concerns

Xinhua
31 Jul 2020, 13:00 GMT+10

TOKYO, July 31 (Xinhua) -- Tokyo stocks closed sharply lower Friday as the yen's strength against the U.S. dollar weighed on exporters, while disappointing corporate earnings and rising coronavirus cases added to a downbeat mood.

The 225-issue Nikkei Stock Average dropped 629.23 points, or 2.82 percent, from Thursday to close the day at 21,710.00.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 43.41 points, or 2.82 percent, to finish at 1,496.06.

Rubber product, marine transportation and mining issues comprised those that declined the most by the close of play.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.

More Information

null in null

International

Section

Turkey, France battle wildfires amid early Europe heatwave

ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...

Venetians protest Bezos wedding with march through the town

VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...

New French law targets smoking near schools, public spaces

PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...

Trump hints at DOGE investigation of Musk subsidies

WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...

Native leaders, activists oppose detention site on Florida wetlands

EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...

Beijing crowds cheer AI-powered robots over real soccer players

BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...

India

Section