Tokyo stocks close lower on Wall Street's negative tone, iPhone X production cut

TOKYO, Jan. 30 (Xinhua) -- Tokyo stocks closed lower Tuesday with the benchmark Nikkei stock index retreating for a fifth straight day as a negative lead from Wall Street overnight set the tone, with sentiment further dampened by reports that Apple Inc. will slash its production target for its iPhone X.

The 225-issue Nikkei Stock Average dropped 337.37 points, or 1.43 percent, from Monday to close the day at 23,291.97, marking its lowest closing level since Jan. 4.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 22.32 points, or 1.19 percent, to finish at 1,858.13.

Mining, oil and coal product and electric appliance-oriented stocks comprised those that declined the most by the close of play.