Asian markets fall; Tokyo down 5.4 pct.By YURI KAGEYAMA, AP Business Writer
52 minutes ago
TOKYO - Asian shares tumbled again Friday, with the
Tokyo benchmark nose-diving 5.4 percent, as the region
showed little sign of staging a recovery amid a global
sell-off over U.S. credit fears. European stocks,
meanwhile, were mixed in early trade.
The dollar's decline that worsened earnings prospects
for Japanese companies added to the battering Tokyo's
benchmark has been taking in recent sessions, sending
the Nikkei 225 index crashing 874.81 points, or 5.4
percent, to close at 15,273.68, its lowest close in a
year.
Hong Kong's blue chip Hang Seng Index was down as much
as 5.2 percent midafternoon, and the Korea Composite
Stock Price Index lost 3.19 percent after dropping 6.9
percent the previous session.
In early European trade, Britain's FTSE is up 1.1 percent,
France's CAC 40 index is up 0.6 percent and Germany's DAX
is down 0.25 percent.
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