Japan Market closed down

The Japan share market declined on Tuesday, 16 August 2016, weighed by disappointing Japanese second-quarter GDP figures and a stronger yen. Trading was also thin with many investors away for Japan s week-long Obon holiday. The Japanese growth figures missed economist expectations for a modest 0.2% expansion, as weak exports and a fall in business spending held back activity. Total 32 out of 33 TSE sectors declined, with Real Estate, Insurance, Securities & Commodities Futures, Construction, Metal Products, and Precision Instruments issues being major losers. The 225-issue Nikkei stock average stumbled 273.05 points, or 1.62%, to finish at 16596.51. The Topix index of all first-section issues ended down 18.16 points, or 1.38%, at 1298.47. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1729 to 243 and 85 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 5.24% to 20.89.

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