Tokyo stocks close down 1.29 pct

Business Materials 12 November 2008 11:20 (UTC +04:00)

Tokyo stocks closed lower Wednesday on lingering concerns over U.S. and Japanese corporate earnings.

The benchmark 225-issue Nikkei Stock Average lost 113.79 points, or 1.29 percent, from Tuesday to 8,695.51, reported Xinhua.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 14.13 points, or 1.59 percent, to 875.23.

Declines were led by mining, trading house, and glass and ceramics issues. Major gainers included rubber product, information and communication, and services issues. Enditem