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Tokyo Shares Hit By Slide In Oil Prices

Sumaira FH Published August 02, 2016 | 12:06 PM

Tokyo shares hit by slide in oil prices

TOKYO, (UrduPoint / Pakistan Point News - 2nd Augst,2016) - Tokyo shares snapped a two-day rally Tuesday with energy firms hit by a slide in oil prices, as the Japanese government was set to unveil a stimulus package to boost growth. The benchmark Nikkei 225 index shed 1.

47 percent, or 244.32 points, to close at 16,391.45, with losses picking up in the afternoon on media reports about details of the programme. The broader Topix index of all first-section shares fell 1.64 percent, or 21.63 points, to 1,300.20.

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