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Tokyo stocks hit 28-year low as investors flee risky assets - Yahoo! Finance
Tokyo stocks hit 28-year low as investors flee risky assets
ReutersBy Chikako Mogi | Reuters 13 minutes ago
TOKYO (Reuters) - The Tokyo market slumped to a 28-year low on Monday as Asian shares dived on fears of a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China.
Tokyo's Topix index <.TOPX> lost as much as 2.4 percent to 692.18, a level not seen since late 1983, according to Reuters data, while the Nikkei average <.N225> of major stocks tumbled 2 percent. The Nikkei last week marked its ninth straight week of losses, the longest such losing streak run in 20 years. <.T>...