Tokyo shares end morning sharply lower on yen's rise, Wall Street's fall |
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Tue, 27 Nov 2007 03:30
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TOKYO (Thomson Financial) - Japanese shares extended early losses to end the morning sharply lower Tuesday on the yen's rise and Wall Street's tumble due to renewed credit concerns.The blue-chip Nikkei 225 Stock Average finished the morning down 320.34 points or 2.1 percent at 14,814.87, off a high of 14,953.93 and a low of 14,801.87.The broader TOPIX index was down 31.21 points or 2.1 percent at 1,435.82.Decliners outnumbered gainers 1,361 to 267, with 88 issues unchanged.Volume reached an estimated 876 million shares.Overnight, the Dow Jones Industrial Average lost nearly 240 points on news that Citigroup is looking to reduce costs, maybe by cutting jobs, while HSBC said it plans to bail out two funds it manages.The losses on Wall Street weighed on the US dollar, causing other currencies to rise -- including the yen. The dollar was last trading about one yen lower than late Monday.(1 US dollar = 107.41 yen)masami.hachisu@thomsonhm/ms/hm/jmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Tokyo shares opens lower on US economic worries, yen's rise 