TOKYO, Feb. 25 (Xinhua) -- Tokyo stocks fell sharply on Tuesday, driven by weakness in U.S. tech stocks.

The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 38,237.79, down 539.15 points, or 1.39 percent from the previous day.

The index briefly dropped over 600 points during the session. A stronger yen against the U.S. dollar also weighed on the market.

Semiconductor-related stocks led the decline, following the downturn in Nvidia and other U.S. chipmakers on the U.S. market.

The Tokyo Stock Price Index (TOPIX) also declined, closing 11.83 points, or 0.43 percent lower at 2724.70.

On the Tokyo Stock Exchange Prime Market, declining stocks outnumbered gainers 845 to 725, with 70 stocks remaining unchanged. Enditem

Related

Go to Forum >>0 Comment(s)