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Article: Nikkei plunges to new 20-year low in Tokyo
- Article from:
- Xinhua News Agency
- Article date:
- March 11, 2003
CopyrightCopyright 2003 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Nikkei plunges to new 20-year low in Tokyo
TOKYO, March 11 (Xinhua) -- Tokyo's Nikkei average plunged to
another 20-year low Tuesday, closing below 7,900 for the first time
since Jan. 25, 1983, amid growing concerns about a looming war in
Iraq.
The 225-issue Nikkei Stock Average lost 179.83 points, or 2.24
percent, to close at an intraday low of 7,862.43, its lowest level
since Jan. 25, 1983, when the index finished at 7,803.18.
The broader Tokyo Stock Price Index (TOPIX) of all First Section
issues on the Tokyo Stock Exchange (TSE) fell 13.90 points, or 1.77
percent, to 770.62.
Trading was relatively heavy, with volume on the TSE's main
section rising to ...