Tokyo Stocks Close Lower But Nintendo Soars On Apple Tie-up


Tokyo stocks close lower but Nintendo soars on Apple tie-up

TOKYO, (UrduPoint / Pakistan Point News -8th Sept,2016) - Tokyo stocks closed lower Thursday as soft Japanese growth data left investors guessing about the chances of more central bank stimulus, but Nintendo soared on news of a Super Mario game tie-up with Apple.

Shortly before markets opened, figures showed that the world's number three economy expanded a weak 0.2 percent in the April-June quarter, slightly better than the preliminary zero reading. But the improved numbers -- owing to an upward revision in capital spending and public investment -- still fell well below first-quarter GDP figures, as attempts to put Japan on a firm recovery track struggles to gain traction.