Tokyo stocks close lower as tech shares fall, Fed policy meeting eyed

Source: Xinhua| 2017-06-12 15:59:02|Editor: MJ
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TOKYO, June 12 (Xinhua) -- Tokyo stocks lost ground Monday as investors offloaded tech shares following a poor showing of their counterparts in the U.S. at the end of last week, while a circumspect mood was evident in later trade ahead of a U.S. Federal Reserve policy meeting.

The 225-issue Nikkei Stock Average lost 104.68 points, or 0.52 percent, from Friday to end the day at 19,908.58.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, shed 0.11 point, or 0.01 percent, to finish at 1,591.55.

Electrical appliance, information and communication, and precision instrument-linked issues comprised those that declined the most by the close of play, and declining issues outpaced advancing ones by 980 to 896, on the First Section.

Trading volume on the main section on Monday came to 1,785.76 million shares, down from Friday's volume of 2,263.87 million shares.

The turnover on the first trading day of the week totaled 2,313.2 billion yen (20.99 billion U.S. dollars).

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