Tokyo market dives more than seven percent

By DPA,

Tokyo : The Tokyo stock market continued to plummet Wednesday as the key Nikkei 225 Stock Average dropped below the 10,000 mark.


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The Nikkei lost 743.82 points, or 7.3 cent, to 9,412.08 in afternoon trading.

The broader Topix index of all first-section issues dropped 42.21 points, or 4.32 percent, to 935.4 in morning trading.

Japan’s central bank injected 2.1 trillion yen ($20.57 billion) into the money market Wednesday to ease disruptions in the financial system.

On currency markets at midday (0300 GMT), the dollar traded weaker at 101.25-30 yen, down from Tuesday’s 5 pm quote of 102.69-72 yen.

The euro was quoted at 1.3582-87 dollars, up from late Tuesday’s quote of 1.3574-77 dollars, and at 137.54-59 yen, down from 139.42-46 yen.

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