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Article: Share Prices Plummet in Tokyo on Wall Street Tumble
- Article from:
- Xinhua News Agency
- Article date:
- December 11, 1998
CopyrightCopyright 1998 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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Stock prices plunged in Tokyo on Friday with the key Nikkei index
briefly slipping below 14,400 for the first time in more than three
weeks, following an overnight tumble on Wall Street.
The Nikkei Stock Average of 225 selected issues on the First
Section of the Tokyo Stock Exchange lost 402.16 points, or 2.72
percent, from Thursday's close to end at 14,405.64, after moving
between 14,382.06 and 14,729.95.
The broader-based Tokyo Stock Price Index (TOPIX), covering all
First Section issues, dropped 21.62 points or 1.90 percent to
1,118.16.
Turnover on the major section more than doubled to about 787
million shares from Thursday's 360.41 million shares. ...