Tokyo stocks down in morning on U.S. shares, global economic concern
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Tokyo stocks were lower Wednesday morning after Wall Street extended losses overnight, as growing expectations for additional interest rate hikes by U.S. and European central banks rekindled concern over a possible slowdown in the global economy. The 225-issue Nikkei Stock Average fell 155.67 points, or 0.55 percent, from Tuesday to 28,039.91. The broader Topix index was down 9.97 points, or 0.51 percent, at 1,958.41. On the top-tier Prime Market, decliners were led by mining, oil and coal product, and marine transportation issues.