Tokyo - Tokyo stocks nosedived Monday, sending the benchmark Nikkei 225 Stock Average to its lowest level in 26 years.
The Nikkei tumbled 486.18 points, or 6.36 per cent, to 7,162.9. The index has lost half its value this year.
The broader Topix index of all first-section issues also lost 59.65 points, or 7.4 per cent, to 746.46.
The Bank of Japan injected 600 billion yen (6.37 billion dollars) into the money markets Monday to ease a credit crunch as stocks prices plunged.