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Nikkei falls below 8,000 on US economic concerns

Posted : Thu, 20 Nov 2008 02:51:23 GMT
By : DPA
Category : Business
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Tokyo - Japan's key Nikkei 225 Stock Average fell below the 8,000 line on Thursday on concerns over the US economy. The Nikkei index tumbled 357.59 points, or 4.32 per cent, to 7,915.63.

The broader Topix index of all first-section issues also lost 31.55 points, or 3.81 per cent, to 795.88.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 95.92-97 yen, down from Wednesday's 5 pm quote of 96.73-75 yen.

The euro was quoted at 1.2495-2500 dollars, down from Wednesday's 5 pm quote of 1.2645-47 dollars, and at 119.89-94 yen, down from 122.32-36 yen.

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