News Column

Tokyo stocks fall in early trading after disappointing growth data

February 16, 2014

TOKYO, Feb. 17 -- (Kyodo) _ Tokyo stocks declined early Monday morning as selling took the upper hand after the release of weaker-than-expected Japanese economic growth data.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 5.23 points, or 0.04 percent, from Friday to 14,307.80. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 4.01 points, or 0.34 percent, to 1,179.81.

After opening higher following Friday's gains on Wall Street, share prices in Tokyo soon turned top-heavy and moved lower after data showed the Japanese economy grew a smaller-than-expected annualized real 1.0 percent in the fourth quarter of 2013.

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Source: Japan Economic Newswire

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