Tuesday, 02 January 2024 12:17 GMT

Tokyo Stocks Close Monday Down


(MENAFN) Japanese equities tumbled Monday as disappointing economic growth figures triggered widespread selling pressure across major indexes.

The Nikkei Stock Average, tracking 225 blue-chip issues, shed 135.56 points to close at 56,806.41—a 0.24 percent decline from Friday's finish.

The Topix, Japan's broader market gauge, plunged 31.47 points, or 0.82 percent, settling at 3,787.38.

Trading began on an upbeat note before reversing sharply after the Cabinet Office disclosed that Japan's economy expanded at an annualized real 0.2 percent rate during the quarter concluded in December 2025—dramatically undershooting analyst projections of 1.48 percent growth.

Profit-taking intensified market declines following recent gains, with automotive and financial sector stocks bearing the brunt of losses, market observers noted.

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