Japanese markets fall on uncertainty over US bailout package

Tokyo Stock ExchangeTokyo - Stocks ended morning trading lower in Japan Thursday on uncertainties over the US government's bailout package that passed the Senate earlier in the day.

The benchmark Nikkei 225 Stock Average fell 125.61 points, or 1.1 per cent, to 11,242.65.

The broader Topix index of all first-section issues was also down 18.41 points, or 1.67 per cent, at 1,082.72.

The Tokyo market opened strong with investors buying back bargain shares, but it fell into negative territory after the US Senate passed the 700-billion-dollar rescue package to stabilize the financial markets.

As an emergency measure on the 12th consecutive business day, Japan's central bank injected 1 trillion yen (9.43 billion dollars) into the money market Thursday to ease disruption in the financial markets.

The total amount of liquidity infusion by the Bank of Japan comes to 23.3 trillion yen since the US investment bank Lehman Brothers Holdings Inc filed for bankruptcy on September 15.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 106.06-11 yen, down from Wednesday's 5 pm quote of 106.28-29 yen.

The euro was quoted at 1.3987-92 dollars, down from Wednesday's 5 pm quote of 1.4127-28 dollars, and at 148.40-45 yen, down from 150.15-19 yen. (dpa)

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