Mubasher: Japanese stocks closed Wednesday in the red zone concurrently with sharper falls in oil prices, which renewed fears about the global economy.
The benchmark Nikkei declined 3.7% to 16,416 points, and the Broader TOPIX Index fell 3.7% to 1,338 points.
In a report yesterday, the International Monetary Fund lowered its forecast of global economic growth over the next two years, due to the weakness of emerging market economies and the slower growth in China.
Translated by: Elwy el-Manzalawy
