Tokyo - Tokyo stocks plunged Wednesday as investors worried about the grim outlook for Japanese firms' earnings.
The Nikkei 225 Stock Average tumbled 631.56 points, or 6.79 per cent, to end 8,674.69.
The broader Topix index of all first-section issues also lost 67.41 points, or 7.05 per cent, to 889.23.
Japan's automaker Mitsubishi Motors Corp expected a 7.6-per-cent fall in sales in the year's first six months through September due to slowing demand in the United States and Europe, the company said.
Sydney - Investors deserted Australian stocks Wednesday in response to a fall on Wall Street.
The ASX 200 lost 146 points, or 3.3 per cent, to 4,146.
Bell Potter Securities analyst James Waggett said the most interesting moves were from the giant miners BHP Billiton Ltd and Rio Tinto Ltd, the latter a takeover target for the former.
While BHP lost almost 5 per cent, Rio was up almost 7 per cent, indicating that traders were factoring in a greater likelihood that BHP would succeed with its hostile merger.
Indian equities continued to trade in the negative terrain on fears over lower earnings.
The 30-share index BSE Sensex ended on a highly negative note yesterday with some major corporate houses declaring disappointing quarterly figures.
Asian markets weighed the depressing outlook. Realty, metal, IT, oil & gas and power stocks that had bounced back fairly strongly yesterday after recent huge losses, are back in the red again on account of heavy selling action.
BSE Midcap and Smallcap declined 2.02% and 1.59% respectively.
Paris - Followin
Tokyo - Tokyo stocks plunged Wednesday as investors worried about the grim outlook for Japanese firms' earnings.
New Del
Sydney - Investors deserted Australian stocks Wednesday in response to a fall on Wall Street.
Indian equities continued to trade in the negative terrain on fears over lower earnings.
