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Tokyo stocks fall more than 2 per cent on Wall Street drop

Business Materials 19 August 2008 07:52 (UTC +04:00)

Tokyo stocks lost more than 2 per cent Tuesday on overnight falls in the US market. ( dpa )

The Nikkei 225 Stock Average tumbled 349.02 points in morning trading, or 2.65 per cent, to 12,816.43.

The broader Topix index of all first-section issues was also down 31.19 points, or 2.47 per cent, at 1,263.75.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 110.10-15 yen, down from Monday's 5 pm quote of 110.25-26 yen.

The euro was quoted at 1.4693-98 dollars, down from Monday's 5 pm quote of 1.4748-49 dollars, and at 161.80-85 yen, down from 162.60-64 yen.

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