Nikkei Falls 10%

The carnage continued as US market weakness spread around the world. The Japanese Nikkei tumbled 11.4% before recovering somewhat. The Nikkei fell to 8115,41, last seen since May 2003. The Topix index fell 7.2% to 840.18.

Australia’s S&P/ASX 200 fell 7.4% to 4004.90, New Zealand’s NZX 50 index gave up 3.5% to 2842.89. South Korea’s Kospi lost 8.7% to 1182.16. In Tokyo, shares of Toyota lost 5% and Canon shrank 5.3%, while property major Mitsui Fudosan plummeted 12.9%.

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Sources:

Asian Stocks Fall, Set for Worst Week on Record; Banks Plunge

Kyung Bok Cho
Bloomberg, Oct. 10, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=apBR9iTfMQbI&

Japan’s Nikkei Falls Nearly 10%
WSJ, OCTOBER 9, 2008, 9:29 P.M. ET
http://online.wsj.com/article/SB122359980505421531.html

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