Nikkei extends losses on prolonged economic worries

By DPA,

Tokyo : Japan’s Nikkei 225 Stock Average extended losses in early trading Friday on prolonged economic concerns and the yen’s strength against other currencies.

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The benchmark index shed 423.18 points, or 4.76 percent, to 8,475.96 in morning trading.

The Nikkei lost more than 6 percent in Thursday trading.

On currency markets at 9 a.m., the dollar traded at 97.27-32 yen, down from Thursday’s 5 p.m. quote of 97.90-93 yen.

The euro was quoted at $1.2690-95, down from Thursday’s 5 p.m. quote of $1.2860-63, and at 123.42-52 yen, down from 125.92-96 yen.