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Tokyo stocks decline in early trading as oil glut dents sentiment

Tokyo stocks decline in early trading as oil glut dents sentiment

TOKYO: Tokyo stocks on Tuesday opened lower owing to the ongoing global oil glut and related geopolitical concerns as well as jitters over a perceived slowdown in Chinas economy.

As of 9:15 a.m., the 225-issue Nikkei Stock Average declined 40.07 points, or 0.24 percent, from Monday to 16,915.50.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 4.80 points, or 0.35 percent, to 1,383.13.

Early issues comprising notable decliners were foods, banks and insurance-linked stocks.