Monday, March 2, 2009

Japanese stocks skirt 26-year low


Japanese stocks traded close to 26-year lows in Tuesday trading as investor concerns about the health of the financial system persisted.

Japan's Nikkei 225 touched 7,088.47 on Tuesday morning, close to the 26-year low that it hit in October. However, it later recovered some ground.

Other Asian markets also fell, with Hong Kong's Hang Seng index down 1.5%.

On Monday, the US Dow Jones share index fell below 7,000 points for the first time since 1997.

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