Tokyo stocks extend losses over Wall Street plunge

Phoenix News.Net
Friday 21st November, 2008 (IANS)

Tokyo stocks extended losses Friday after Wall Street plunged overnight and the global slowdown deepened.

The Nikkei 225 Stock Average lost 170.93 points, or 2.22 percent, to 7,532.11. The broader Topix index was down 18.47 points, or 2.36 percent, to 763.81.

On currency markets at 9 a.m., the dollar dropped to 94.04-09 yen from Thursday's 5 p.m. quote of 95.23-26 yen.

The euro was quoted at $1.2435-40, down from Thursday's 5 p.m. quote of $1.2507-09, and at 116.97-117.02 yen, down from 119.12-16 yen.

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