Tokyo stocks decline on recession worries, political scandal
Tokyo - Tokyo stocks ended morning trading lower Wednesday on worries over prolonged recession after Wall Street fell overnight and following a scandal involving Japanese Finance Minister Shoichi Nakagawa.
The benchmark Nikkei 225 Stock Average dipped 90.86 points, or 1.19 per cent, to end morning trading at 7,554.65.
The broader Topix index of all first-section issues was down 6.59 points, or 0.87 per cent, at 749.94.
Tokyo investors sold shares on pessimism Wednesday after the US markets plunged overnight and Japan's finance minister resigned the day before to take responsibility for his embarrassing appearance at last week's Group of Seven finance ministers meeting.
On currency markets at 9 am (0000 GMT), the dollar traded at 92.25-30 yen, almost unchanged from Tuesday's 5 pm quote of 92.24-27 yen.
The euro traded at 1.2580-85 dollars, down from late Tuesday's quote of 1.2633-36 dollars, and at 116.09-14 yen, down from 116.55-59 yen. (dpa)