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To: Oeconomicus who wrote (153997)	3/7/2003 12:32:37 PM
From: Alomex	Read Replies (2) \| Respond to of 164684

How long can a bear last? Tokyo plunges to 20-year low By Geoff Hiscock CNN Asia Business Editor Friday, March 7, 2003 Posted: 4:24 AM EST (0924 GMT) Big exporters, including Toyota, closed lower in Friday trade. Story Tools TOKYO, Japan (CNN) -- Tokyo's stock market plunged to a fresh 20-year low Friday after U.S. President George W. Bush indicated that war in Iraq may be imminent. The key Nikkei 225 average tumbled 2.7 percent to finish at 8144.12, its lowest close since March 1983. Other Asian markets also skidded on war nerves. War would disrupt trade for Asia's export-driven economies, and higher oil prices would weigh on economic growth. As well, a weaker U.S. dollar hurts profits for big Japanese exporters such as Honda and Sony, which make a large part of their sales in the U.S. market. They bore the brunt of Friday's sell-down, with the big Japanese banks also falling sharply as the end of the financial year on March 31 approaches. cnn.com