tokyo stocks: The broader Topix, which covers all first section issues on the Tokyo Stock Exchange, finished 39.70 points, or 2.45 percent, in the red at 1,577.41, according to The Japan Times. Every industry category in the main section lost ground, led by oil and coal product, nonferrous metal and machinery issues. Investors ditched shares and fled to the safety of bonds as risk assets fell out of favor on growing fears of a U.S. recession, sending global yields plunging. ; The Nikkei ended the day 650.23 points, or 3.01 percent, lower at 20,977.11, its lowest close since Feb. 15. Tracking slumps in U.S. and European shares late last week, Tokyo stocks opened sharply lower and later extended their losses to fall below the 21,000 threshold. The day's fall was the largest for the Nikkei since Dec. 25, when it closed 1,010.45 points lower. The Nikkei briefly lost over 700 points.
(news.financializer.com). As
reported in the news.
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