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Tokyo: Shares drop 2.35% as oil prices retreat

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Tokyo shares closed sharply lower on Tuesday, as oil prices resumed their downward slide and investors eye the first policy meetings of the year by the US and Japanese central banks.

[TOKYO] Tokyo shares closed sharply lower on Tuesday, as oil prices resumed their downward slide and investors eye the first policy meetings of the year by the US and Japanese central banks.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange tumbled 2.35 per cent, or 402.01 points, to close at 16,708.90, ending a two-day rally.

The broader Topix index of all first-section shares shed 2.33 per cent, or 32.40 points, to finish at 1,360.23.

AFP