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Article: Nikkei index tumbles after US plunge
- Article from:
- AP Worldstream
- Article date:
- December 2, 2008
CopyrightCopyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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Japan's Nikkei index tumbled more than 6 percent Tuesday as selling spread across the board on big losses on Wall Street amid growing gloom over the global economy.
The benchmark Nikkei 225 stock average lost 533.53 points, or 6.35 percent, to close at 7,863.69. The broader Topix index fell 4.88 percent to 787.12.
Sentiment in Tokyo turned sluggish after the Dow Jones industrial average plummeted nearly 8 percent Monday with a litany of bad economic indicators.
"A string of weak economic data really depressed sentiment," Yutaka Miura, a senior strategist at Shinko Securities Co. Ltd. "Investors are becoming more pessimistic over the state of the global ...