06 Sep '11, 7am

Tokyo stocks fall to lowest since April 2009

Tokyo stocks fall to lowest since April 2009

TOKYO - Tokyo stocks closed at a more than two-year low Tuesday on rekindled worries over eurozone debt and the fragility of the global economy. The benchmark Nikkei 225 index at the Tokyo Stock Exchange closed down 2.21 percent, falling 193.89 points to 8,590.57, its lowest level since April 28 2009, towards the end of the sharpest phase of the financial crisis. The broader Topix index of all first-section issues was down 14.62 points or 1.93 percent at 741.20. The Nikkei's plunge came as Asian bourses followed heavy losses in Europe on Monday with banks hit particularly hard by acute tension over the risk of recession in leading economies and over eurozone debt. Bonds issued by Greece and Italy fell on Monday, and the cost of insuring against default by Italy and France rose sharply. The yen rose to nearly a six-month high versus the euro in Tokyo trade Tuesday, hitting ...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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