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>TOKYO -JAPANESE stocks tumbled on Tuesday, with the Nikkei average hitting a new low for the year, after the Dow industrials plunged following the rejection of a US$700 billion (S$1 trillion) financial bailout by the US House of Representatives.
At 0013 GMT (8.13 am, Singapore time), the benchmark Nikkei was down 4 per cent at 11,274.96, having shed 468.65 points.
The broader Topix was down nearly 4 per cent at 1,083.84. -- REUTERS
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