Nikkei hits fresh 20-year low, big banks dive
Sunday March 9, 11:29 pm ET
(Updates to mid-afternoon)
TOKYO, March 10 (Reuters) - Tokyo's Nikkei average was hovering at fresh
two-decade lows in mid-afternoon trade on Monday on speculation that war in Iraq was
imminent and after the government said North Korea had fired a missile towards the
Sea of Japan.
As of 0403 GMT, the Nikkei (^N225 -
News) was down 1.45 percent or
118.23 points at 8,025.89, after
falling as low as 7,975.36, below the
key 8,000 level for the first time since
March 1983. The broader TOPIX
(^TOPX - News) index was down 1.63
percent at 783.17.
Traders were talking about a report
on the Yomiuri Shimbun's newswire
that the government would draft an
emergency package in light of the
tumbling stock market, but said the
article was not lifting the market
because of rising geopolitical
concerns.
Missiles from the LEFT, the west...missiles NOT from the right, the East....
He must be taking the stuff....he's making huge mistakes....
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