Japan stocks slide over 2 pct on yen, recession fears

Thu Mar 6, 2008 9:12pm EST
 
Email | Print | | Reprints | Single Page
[-] Text [+]

(Updates to midsession)

TOKYO, March 7 (Reuters) - Japan's Nikkei average fell 2.9 percent to a six-week low on Friday, with exporters such as Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) hurt by a stronger yen and fears of a U.S. recession rekindled by more credit-related losses.

The benchmark Nikkei average .N225 ended the morning session down 378.60 points at 12,836.82, hitting its lowest point since Jan. 23. It fell as much as 3.6 percent at one stage during the session.

The broader TOPIX index shed 2.6 percent or 32.99 points to 1,254.56. (Reporting by Aiko Hayashi)

 

Featured Broker sponsored link

Editor's Choice

Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters

Photo
Bearing Witness
Reuters award-winning multimedia piece, reflecting five years of reporting the war in Iraq.