Japan’s key Nikkei index falls almost 5 percent (Lead)

October 24th, 2008 - 10:12 am ICT by IANS  

Tokyo, Oct 24 (DPA) Japan markets continued their losing streak Friday with the key Nikkei index dropping more than 4 percent.In mid-morning traiding the Nikkei 225 Stock Average lost 413.99 points, or 4.89 percent, to 8,046.99.

The broader Topix index of all first-section issues fell 37.92 points, or 4.35 percent, to 833.78.

On currency markets at 9 a.m., the dollar was quoted at 97.58-63 yen, down from Thursday’s quote of 97.68-70 yen.

The euro was quoted at $1.2897-2902, up from Thursday’s 5 p.m. quote of $1.2819-20, and at 125.90-95 yen, up from 125.22-26 yen.

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