Nikkei loses more than 3 per cent on Wall Street plunge
Tokyo - The Tokyo market ended lower Thursday following Wall Street's overnight plunge, after disappointment spread over the US government's bail-out plan.
The benchmark Nikkei 225 Stock Average tumbled to 7,705.36, down 240.58 points, or 3.03 per cent from Tuesday's closing. The market was closed Wednesday for a national holiday.
The broader Topix index of all first section issues was also down 17.81 points, or 2.29 per cent, at 760.29.
Investors dumped mainly financial shares at the Tokyo market Thursday as the US government's bail-out plan for its financial sector failed to revive investor confidence.
On currency markets at midday (0300 GMT), the dollar was quoted at 90.05-10 yen, down from Tuesday's 5 pm quote of 91.33-34 yen. Japanese financial markets were also closed Wednesday.
The euro traded at 1.2910-15 dollars, up from late Tuesday's quote of 1.2894-96 dollars, and at 116.25-30 yen, down from 117.76-80 yen. (dpa)