Tokyo - Asian stocks took a big dive Thursday, reacting to a sharp fall overnight on Wall Street and wiping away gains from earlier in the week.
Japan's benchmark Nikkei 225 Stock Average plunged 6.53 per cent to 8,899.14 while the broader Topix index of all first-section issues also lost 5.96 per cent to close at 909.3.
The plunge came on the heels of a Wall Street decline brought on by a report showing rapidly rising job losses.
The blue-chip Dow Jones Industrial Average fell 5.05 per cent to 9,139.27. The broader Standard and Poor's 500 Index was down 5.27 per cent to 952.77, and the technology-heavy Nasdaq Composite Index fell 5.53 per cent to 1,681.64.