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Tokyo: Stocks drop sharply at open

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Published Fri, Jun 17, 2022 · 08:27 AM
    • Tokyo stocks opened sharply lower on Friday after a rout on Wall Street as more central banks hiked interest rates in efforts to tame runaway inflation, fuelling recession fears.
    • Tokyo stocks opened sharply lower on Friday after a rout on Wall Street as more central banks hiked interest rates in efforts to tame runaway inflation, fuelling recession fears. PHOTO: AFP

    TOKYO stocks opened sharply lower on Friday (Jun 17) after a rout on Wall Street as more central banks hiked interest rates in efforts to tame runaway inflation, fuelling recession fears.

    The benchmark Nikkei 225 index was down 2.60 per cent, or 687.44 points, at 25,743.76 in early trade, while the broader Topix index slipped 2.44 per cent, or 45.50 points, to 1,822.31. AFP

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