Tokyo Stocks Turn Sharply Lower on Evergrande Scare
Tokyo, Sept. 21 (Jiji Press)--Tokyo stocks tumbled Tuesday following overseas sell-offs triggered by quickly spreading fears over a possible collapse of Chinese real estate conglomerate Evergrande Group.
The Nikkei average of 225 selected issues listed on the first section of the Tokyo Stock Exchange fell 660.34 points, or 2.17 pct, to close at 29,839.71, the first finish below 30,000 since Sept. 7. The key market gauge gained 176.71 points Friday. The Tokyo market was closed Monday for a national holiday.