You are here

Tokyo: Shares pare losses, close at fresh 3-month low

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 at a fresh three-month low Monday, as the yen's continuing strength dented exporters and another fall in oil prices hit petroleum-linked stocks after sanctions against major crude producer Iran were lifted.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange declined 1.12 per cent, or 191.54 points, to finish at 16,955.57, paring sharper losses earlier in the day.

The broader Topix index of all first-section shares lost 1.04 per cent, or 14.52 points, to 1,387.93.