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Article: Tokyo's Nikkei stock index logs biggest annual drop ever in 2008.(Business News)
- Article from:
- Manila Bulletin
- Article date:
- December 31, 2008
CopyrightCOPYRIGHT 2008 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Dec. 30 (Reuters) - Tokyo Stock Exchange's Nikkei stock average fell 42 percent in 2008, the biggest loss in its 58-year history, though the benchmark gained 1.3 percent on its final half-day of trade.
Canon Inc. and other exporters gained as the dollar rose slightly against the yen before falling back, while oil and gas field developer Inpex climbed as oil extended gains on concern that Israeli attacks on Gaza could disrupt Middle East crude oil supplies.
Toyota Motor Co. bucked the trend by slipping 1 percent, badly hit like the rest of the auto sector - one of the Tokyo ...