Tokyo stocks lose more than 2 per cent on Wall Street plunge

Business Materials 29 July 2008 07:32 (UTC +04:00)

Stocks plunged more than 2 per cent in Tokyo Tuesday after Wall Street sharply fell overnight on renewed worries about the US financial market, dpa reported.

The Nikkei 225 Stock Average dropped 287.34 points, or 2.15 per cent, to 13,066.44.

The broader Topix index of all first-section issues was also down 30.42 points, or 2.24 per cent, to 1,270.37.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.43-46 yen, down from Monday's 5 pm quote of 107.73-76 yen.

The euro was quoted at 1.5742-45 dollars, up from Monday's 5 pm quote of 1.5717-20 dollars, and at 169.12-15 yen, down from 169.35-39 yen.