Wednesday, October 8, 2008

Japanese Nikkei plunges nearly 10%

A trader works on the trading floor of Daiwa Securities SMBC Co. in Tokyo, October 7, 2008. (Yuriko Nakao/Reuters)

Panic over the fast-spreading financial crisis dragged down markets across Asia, with Japanese steelmakers such as
Nippon Steel Corp (5401.T) sliding, as the Nikkei set another five-year closing low. It has lost 19 percent in the past five days.

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