To: zello who wrote (41846 ) 9/16/2001 10:16:36 PM From: Dealer Read Replies (1) | Respond to of 65232 Asia Markets Asia stocks tumble ahead of U.S. open Tokyo's Nikkei drops 5.6% as dollar inches higher By Mariko Ando, CBS.MarketWatch.com Last Update: 9:02 PM ET Sep 16, 2001 TOKYO (CBS.MW) -- Stock prices tumbled across Asia in early trading Monday, with Tokyo's Nikkei average dropping below 9,500 as investors braced for a volatile return to action later when Wall Street resumes trading following last week's terrorist attacks. In Tokyo, the benchmark Nikkei Average, which jumped 4.12 percent in the previous session, dropped 561 points, or 5.6 percent, to 9,447 in mid-morning trading. The broader TOPIX index fell 4.4 percent to 987.91. In Tokyo currency trading, the dollar traded at 117.67 yen, up from 117.35 yen in New York late Friday. It changed hands at 118.94 yen late Friday in Tokyo. The yen's appreciation against the dollar added a blow to Japan's exporters, such as automakers and electronic manufactures. U.S. stock markets are scheduled to get back to business at the usual starting time Monday morning. In the closing session of European trading last Friday, London's FTSE 100 index in London fell 3.8 percent and Germany's DAX dived 6.29 percent on renewed fears that last week's terrorist attacks might delay a recovery in U.S. economy. New Zealand's benchmark NZ Top 40 dived 5.4 percent to 1,773.98 by midmorning. Air New Zealand's unrestricted B shares plunged 12 percent to an all-time low at 71 cents, hit by worsening concerns over the financial status of the nation's leading airline. South Korea's Kospi dropped 2.5 percent to 470.29, and Australia's All Ordinaries Index lost 2.75 percent to 2,957.30 shortly after the market opened.