Tokyo - QNA
Tokyo stocks closed at a one-month low Wednesday, driven down by resource-tied issues, which fell on concerns about the Chinese and US economic outlooks and the yen's strength. The Nikkei Stock Average fell 95.69 points, or 1.09%, to close at 8,679.82, its lowest point since August 3. The benchmark index fell for the fifth straight session, the longest losing streak the six-session slide through July 12, according to (Nikkei) website. Resource-linked issues lost ground on concerns that China's recovery may slow, as Chinese stocks briefly fell below their 2012 low. Growing concerns about the US economic outlook and the yen's advance against the euro and the Australian dollar also raised worries about earnings at exporters, prompting investors to sell a broad range of issues.