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Article: Roundup: Nikkei plunges 4 pct to reach about 6 weeks low
- Article from:
- Xinhua News Agency
- Article date:
- March 3, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Roundup: Nikkei plunges 4 pct to reach about 6 weeks low
TOKYO, March 3 (Xinhua) -- Japan's key Nikkei stock index
plummeted about 4.5 percent Monday to close below the 13,000 mark
for the first time since mid January mainly due to the yen's sudden
appreciation against the U.S. dollars in the past several trading
days.
The sharp fall of the Tokyo market also demonstrated Japanese
investors' mounting fears against a widely-speculated U.S. economic
recession, analysts said.
The 225-issue Nikkei Stock Average decreased 610.84 points, or
4.49 percent, from Friday to 12,992.18, extending its losses for the
third straight trading day, while the broader Topix index of all
First Section issues on ...