Japan's Nikkei, TOPIX fall 2 percent in morning

Subscribe to Oneindia News

TOKYO, Nov 2 (Reuters) Japanese stocks tumbled shortly after the start of trade on Friday, with both the Nikkei average and TOPIX index falling 2 percent after Wall Street plunged on renewed credit worries.

A stronger yen also contributed to broad-based selling, with financial firms such as Mitsubishi UFJ Financial Group especially hard-hit.

As of 0011 GMT, the Nikkei was down 2.03 percent at 16,523.84. The broader TOPIX was down 2.23 percent at 1,599.11.

Reuters BJR VP0555

Please Wait while comments are loading...