Anxiety over US economy drags Nikkei below 13,000

By DPA

Tokyo : Japan’s benchmark Nikkei 225 Stock Average declined below 13,000 Thursday, dragged down by persistent investor anxiety about the US economy.


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The Nikkei fell 104.21 points, or 0.8 percent, to 12,995.03.

The broader Topix index of all first-section issues was also down 16.3 points, or 1.26 percent, to 1,282.11.

The declines followed a plunge of more than four percent Wednesday amid renewed fears over a possible US recession.

On currency markets at midday, the dollar traded at 106.38-43 yen, up from Wednesday’s 5 p.m. quote of 106.27-30 yen.

The euro was quoted at 1.4612-17 dollars, down from Wednesday’s 5 p.m. quote of 1.4626-29 dollars, and at 155.42-47 yen, down from 155.46-50 yen.

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