Nikkei briefly sinks below 7,500 level

October 27th, 2008 - 8:39 am ICT by IANS  

Tokyo, Oct 27 (DPA) Japan’s benchmark Nikkei 225 Stock Average briefly sank below 7,500 level at one point in Monday morning trading, posting the lowest since April 2003.In the first 30 minutes of trading Monday, Japan’s key index lost 102.97 points, or 1.35 percent, to 7,546.11.

On currency markets at 9 a.m., the dollar traded at 93.52-57 yen, down from Friday’s 5 p.m. quote of 95.14-17 yen.

The euro traded at $1.2614-19, down from Friday’s 5 p.m. quote of $1.2665-68, and at 118.05-15 yen, down from 120.52-56 yen.

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