Tokyo market dives more than seven percent

October 8th, 2008 - 2:03 pm ICT by IANS  

Tokyo, Oct 8 (DPA) The Tokyo stock market continued to plummet Wednesday as the key Nikkei 225 Stock Average dropped below the 10,000 mark.The Nikkei lost 743.82 points, or 7.3 cent, to 9,412.08 in afternoon trading.

The broader Topix index of all first-section issues dropped 42.21 points, or 4.32 percent, to 935.4 in morning trading.

Japan’s central bank injected 2.1 trillion yen ($20.57 billion) into the money market Wednesday to ease disruptions in the financial system.

On currency markets at midday (0300 GMT), the dollar traded weaker at 101.25-30 yen, down from Tuesday’s 5 pm quote of 102.69-72 yen.

The euro was quoted at 1.3582-87 dollars, up from late Tuesday’s quote of 1.3574-77 dollars, and at 137.54-59 yen, down from 139.42-46 yen.

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