Thu, 15 Apr 2021

TOKYO, March 8 (Xinhua) -- Tokyo stocks closed lower Monday, reversing earlier gains, as despite hopes for the recovery of the U.S. economy after the passage of a hefty stimulus package, concerns grew it would result in higher bond yields.

The 225-issue Nikkei Stock Average dropped 121.07 points, or 0.42 percent, from Friday to close the day at 28,743.25.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 2.60 points, or 0.14 percent, to finish at 1,893.58.

Electric appliance, rubber product and service-oriented issues comprised those that declined the most by the close of play.

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