Stock price drop “GDP drop and concern about economic outlook”

Stock Price Fall "GDP Falling, Concerned about Economic Outlook" 16:46, August 17

In the Tokyo stock market on the 17th, the stock price fell due to a large drop in GDP (Gross Domestic Product) from April to June, as well as the movement to sell profitable stocks and fix profits.

The Nikkei Stock Average closing price on the 17th was 23,096.75 yen, which is 192.61 yen lower than the closing price of the last weekend, and fell for the first time in 5 business days.

TSE stock index = topics fell by 13.56 to 1609.82.

The daily turnover was 81,922,000 shares.

Market officials said, "This year, GDP (Gross Domestic Product) fell sharply from April to June, and the new coronavirus had a great impact on consumption and exports. The Nikkei 225 stock price had risen by nearly 1,000 yen last week, so the number of selling orders to settle profits also expanded."