Tokyo stock jatuh 2.75% by morning break
Telequote, (30/5) -- Tokyo stocks
tumbled 2.75 percent on Thursday morning as jittery investors dumped
shares following a sharp fall on Wall Street on the back of concerns
over global growth.
The benchmark Nikkei 225 index, which slumped over three percent at the open, was down 393.54 points, to 13,932.92 by the break, while the Topix index of all first-section shares lost 2.10 percent, or 24.80 points, to 1,154.07.
The stock market losses also came after the Organization for Economic Cooperation and Development (OECD) on Wednesday trimmed its world economic growth forecast for 2013 to 3.1 percent from 3.4 percent.
The OECD also slashed its growth forecast for the world's most advanced economies, except Japan, but said growth should pick up later this year.
The benchmark Nikkei 225 index, which slumped over three percent at the open, was down 393.54 points, to 13,932.92 by the break, while the Topix index of all first-section shares lost 2.10 percent, or 24.80 points, to 1,154.07.
The stock market losses also came after the Organization for Economic Cooperation and Development (OECD) on Wednesday trimmed its world economic growth forecast for 2013 to 3.1 percent from 3.4 percent.
The OECD also slashed its growth forecast for the world's most advanced economies, except Japan, but said growth should pick up later this year.
The dollar fetched 101.12 yen in Asian trade Thursday against 101.13 yen in New York late Wednesday.
The euro bought $1.2953 and 130.94 yen against $1.2942 and 130.87 yen in US trade.
In Tokyo trade, Toyota fell 2.09 percent by the break to 6,070 yen while Sony declined 2.61 percent to 2,012 yen.
Softbank dropped 3.57 percent to 5,130 yen despite approval by US national security officials for Japanese mobile carrier's planned $20-billion takeover of Sprint.
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