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Tokyo stocks fall on euro zone debt crisis
Last Updated(Beijing Time):2012-05-18 16:12

Tokyo stocks fell sharply on Friday with the key Nikkei index plunging 2.99 percent to close at a four- month low.

The 225-issue Nikkei Stock Average lost 265.28 points from Thursday to end at 8,611.31. The broader Topix index of all First Section issues on the Tokyo Stock Exchange (TSE) edged down 21.62 points, or 2.89 percent, to 725.54.

Sectors leading the decline included the securities, sea transport and real estate sectors.

Selling prevailed amid intensified fears about European banking systems and sharp falls in other Asian markets. The appreciation of the yen against the US dollar also weighed on the market.

Trading volume stood at 2.05 billion shares worth 1,219 billion yen (about $15.37 billion).

Source:Xinhua 
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