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Article: Tokyo stocks slump 2 percent on U.S. stock decline; dollar rises against yen
- Article from:
- AP Worldstream
- Article date:
- July 30, 2003
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Dateline: TOKYO
Tokyo stocks tumbled 2 percent on Wednesday, with technology blue
chips Toshiba and Fujitsu leading the market lower on worse-than-expected
earnings news and a second straight day of losses on Wall Street.
The U.S. dollar was higher against the yen.
The Nikkei Stock Average of 225 selected issues on the Tokyo Stock
Exchange closed down 201.65 points, or 2.05 percent, at 9,632.66 points
Wednesday. The index slid 5.60 points, or 0.06 percent, to 9,834.31
on Tuesday.
On the Tokyo foreign exchange market, the dollar was trading at 120.00
yen at 5 p.m. (0800 GMT), up 0.73 yen from late Tuesday in Tokyo and
also above the 119.83 yen it bought later in New ...