Tokyo stocks lose 2 per cent on US economic concerns

Tokyo StocksTokyo - Tokyo stocks lost more than 2 per cent Monday after concerns over the US economy pushed stocks down last week and the yen advanced against the dollar.

The Nikkei 225 Stock Average tumbled 298.56 points, or 2.06 per cent, to 14,190.88.

The broader Topix index of all first-section issues was also down 29.11 points, or 2.04 per cent, at 1,399.

On currency markets at 9 am (0000 GMT), the dollar traded at 104.77-82 yen, down from Friday's 5 pm quote of 106.03-05 yen.

The euro was quoted at 1.5775-80 dollars, up from Friday's 5 pm quote of 1.5595-97 dollars, and at 165.32-37 yen, down from 165.36-40 yen. (dpa)

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