Tokyo stocks closed marginally lower Thursday as uncertainty surrounding US-China trade talks offset bargain-hunting.[TOKYO] Tokyo stocks closed marginally lower Thursday as uncertainty surrounding US-China trade talks offset bargain-hunting.
The benchmark Nikkei 225 index fell 0.09 per cent, or 18.49 points, to 20,460.93 while the broader Topix index inched down 0.01 per cent, or 0.18 points, to 1,490.17. Tokyo shares opened higher after Wall Street staged a late rally on Wednesday as the gloom lifted on a plunge in crude oil inventories, pointing to sustained demand for fuel, a sign of economic health.
But they fell into negative territory as investors remained worried about the US-China trade war and Britain's exit from the European Union."People continued to buy on dips because many stocks are still undervalued," said Naoki Fujiwara at Shinkin Asset Management.
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