Tokyo  - The Japan market ended Tuesday morning trading lower with the key Nikkei index falling to the lowest level in four months at one point on lingering concerns over the US financial sector.

The benchmark Nikkei 225 Stock Average dipped 75.26 points, or 1.03 per cent, to 7,204.89.

The broader Topix index of all first section issues was also down 9.57 points, or 1.32 per cent, to 725.02.

Tokyo investors sold a wide range of issues after the Dow Jones Industrial Average lost 4.2 per cent, slipping to its lowest level since late April 1997 on worries over the future of the US financial sector, also dragged down by insurer American International Group Inc reporting a 62-billion-dollar quarterly loss.

On currency markets at 9 am (0000 GMT), the dollar traded at 97.06-09 yen, down from Monday's 5 pm quote of 97.24-27 yen.

The euro traded at 1.2560-65 dollars, down from late Monday's quote of 1.2594-97 dollars, and at 121.95-122.00 yen, down from 122.49-53 yen. (dpa)