Tokyo - Tokyo stocks extended losses Wednesday after overnight declines in the US market.

The Nikkei 225 Stock Average fell 36.51 points in morning trading, or 0.28 per cent, to close at 12,828.54.

The broader Topix index of all first-section issues was also down 6.31 points, or 0.51 per cent, to 1,229.23.

The Tokyo market was seeing second day of losses mainly in financial and export-oriented issues after the indices tumbled more than 2 per cent Tuesday on renewed worries about the global credit crunch and the weakening economy in the United States, Japan's largest export market.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 109.64-69 yen, down from Tuesday's 5 pm quote of 110.00-03 yen.

The euro was quoted at 1.4790-95 dollars, up from Tuesday's 5 pm quote of 1.4665-67 dollars, and at 162.25-30 yen, up from 161.34-38 yen. (dpa)