Nikkei closes at 26-year low on economic concernsMarch 9th, 2009 - 2:07 pm ICT by IANS
Tokyo, March 9 (DPA) Japan’s benchmark Nikkei 225 Stock Average Monday dropped to its lowest closing level in more than 26 years on concerns over prospects of the global financial industry and the domestic economy.
The benchmark Nikkei index fell 87.07 points, or 1.21 percent, to close at 7,086.03.
The broader Topix index of all first section issues was also down 10.86 points, or 1.51 percent, to 710.53.
On currency markets at midday (0300 GMT), the dollar traded at 98.32-37 yen, up from Friday’s 5 p.m. quote of 97.35-37 yen.
The euro traded at $1.2685-90, down from late Friday’s quote of $1.2694-96, and at 124.75-80 yen, up from 123.58-62 yen.
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