Tokyo stocks fall on concerns over US financial sector
March 3rd, 2009 - 2:38 pm ICT by IANSTokyo, March 3 (DPA) The Japan market ended Tuesday trading lower with the key Nikkei index falling to the lowest level in four months at one point in morning trading on lingering concerns over the US financial sector.
The benchmark Nikkei 225 Stock Average lost 50.43 points, or 0.69 percent, to close at 7,229.72.
The broader Topix index of all first section issues was also down 7.79 points, or 1.06 percent, to 726.8, the lowest finish since Dec 26, 1983.
Tokyo investors sold a wide range of issues after the Dow Jones Industrial Average lost 4.2 percent, slipping to its lowest level since late April 1997 on worries over the future of the US financial sector, also dragged down by insurer American International Group Inc reporting a $62 billion quarterly loss.
On currency markets at midday (0300 GMT), the dollar traded at 97.32-35 yen, up from Monday’s 5 p.m. quote of 97.24-27 yen.
The euro was quoted at $1.2599-2604, up from late Monday’s quote of $1.2594-97, and at 122.63-68 yen, up from 122.49-53 yen.
- Nikkei closes at 26-year low on economic concerns - Mar 09, 2009
- Tokyo stocks down on worries about domestic finances, strong yen - Nov 24, 2009
- Nikkei closes at 26-year low on US economic concerns - Mar 10, 2009
- Nikkei loses three percent on Wall Street plunge - Mar 02, 2009
- Nikkei hits four-month low on Wall Street fall - Mar 06, 2009
- Tokyo stocks mixed in morning trading - Nov 25, 2009
- Nikkei falls nearly 4 percent on Sony's projected loss - Jan 23, 2009
- Nikkei closes below 8,000 on financial worries (Lead) - Jan 21, 2009
- Tokyo stocks up on bargain buys (Lead) - Nov 25, 2009
- Nikkei recovers to 9,000 level (Lead) - Nov 04, 2008
- Nikkei loses 4 percent on renewed economic worry - Jan 08, 2009
- Nikkei surges to 9,000 level - Oct 30, 2008
- Sensex closes 177 points up at 19,595 - Sep 17, 2010
- Tokyo stocks close sharply lower - Feb 12, 2009
- Telecom scrips push Sensex higher - Feb 02, 2012
Tags: american international group, american international group inc, broader topix index, currency markets, dow jones, dow jones industrial, dow jones industrial average, financial sector, four months, insurer, international group inc, japan market, midday, nikkei 225, nikkei index, quarterly loss, stock average, tokyo march, tokyo stocks, yen