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>TOKYO, JAPAN -Japanese stocks opened down nearly 1 per cent on Friday on worries about the US economy after the Federal Reserve chairman acknowledged the outlook has worsened and a bond insurer's ratings were slashed, reviving credit fears.
Japan's largest non-life insurer, Millea Holdings, fell 2.2 per cent and Sumitomo Mitsui Financial Group fell 1.4 per cent.
At 8.04am Singapore time, the benchmark Nikkei average was down 1.1 per cent at 13,476.85 and the broader Topix was down 1 per cent at 1,319.94. -- REUTERS
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