Tokyo stocks fall six percent on economic worries

By DPA,

Tokyo : Japan’s stock market ended six percent lower Thursday as renewed economic concerns wiped away gains brought a day earlier by Senator Barack Obama’s victory in the US presidential election.

---

Support TwoCircles

---

The Nikkei 225 Stock Average plunged 622.1 points, or 6.53 percent, to close at 8,899.14.

The broader Topix index of all first-section issues also lost 57.61 points, or 5.96 percent, to 909.3.

On currency markets at midday (0300 GMT), the dollar traded at 98.07-12 yen, down from Wednesday’s 5 p.m. quote of 99.37-38 yen.

The euro was quoted at $1.2860-65, up from Wednesday’s 5 p.m. quote of 1.2842-43 dollars, and at 126.11-21 yen, down from 127.61-65 yen.