Tokyo stocks tumble 0.37% on sluggish Chinese data

TOKYO: Tokyo stocks plummeted on Thursday as Nikkei share index finished 0.37 percent lower at 15,138.96. Fall in Wall Street shares and a decline in crude oil prices also led the Tokyo shares to a sharp decline. A slight growth in China’s manufacturing sector also failed to allay market concerns about fragile global growth.

Airbag maker Takata Corp’s shares tumbled 6.2 percent to an 18-month low after US regulators expanded the number of vehicles using the firm’s faulty airbags that may be affected by recalls.

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The broader Topix lost 0.3 percent to close at 1,232.34, while the new JPX-Nikkei Index 400 shed 0.3 percent to end at 11,212.87.