Japan stocks down 2% on yen, recession fears
As of 8.06am Singapore time, the benchmark Nikkei was down 2.7 per cent at 12,858.80. -Reuters
Fri, Mar 07, 2008
Reuters
TOKYO
Japanese stocks fell more than 2 per cent on Friday, with exporters such as Toyota Motor Corp falling on a stronger yen and rekindled fears of a US recession that drove the Standard & Poor's 500 down to its lowest close in 18 months.
As of 8.06am Singapore time, the benchmark Nikkei was down 2.7 per cent at 12,858.80. The broader Topix index shed 2.5 per cent to 1,255.90. -- REUTERS