Markets
Tokyo stocks close down 1.86pc
TOKYO: Tokyo share prices closed 1.86 percent lower on Monday with investors discouraged by a dismal US jobs report an
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TOKYO: Tokyo share prices closed 1.86 percent lower on Monday with investors discouraged by a dismal US jobs report and the yen's rise against the euro due to European debt worries, brokers said.
The benchmark Nikkei 225 index at the Tokyo Stock Exchange fell 166.28 points to 8,784.46. The Topix index of all first-section issues sank 13.96 points or 1.81 percent to 755.82.
Renewed fears of a global slowdown gripped sentiment following global market declines Friday and regional falls Monday, dealers said.
US stocks plunged Friday on the weak payrolls data while the European Union and International Monetary Fund left a critical audit of Greek finances unfinished saying more budget work was needed.
Copyright AFP (Agence France-Presse), 2011
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