Business News
Tokyo stocks down on US, Europe jobless rate
Jul 3, 2009, 2:49 GMT
Tokyo - Stocks fell in Tokyo Friday after US and European unemployment rates provoked concerns over the global economic recovery.
The benchmark Nikkei 225 Stock Average lost 101.32 points, or 1.03 per cent, to 9,774.83.
The broader-based Topix index was also down 7.51 points, or 0.81 per cent, at 916.51.
The Tokyo market's losses followed Wall Street's overnight falls as reports said the US unemployment rate marked a 26-year high and the European Union jobless rate hit the highest in 10 years.
On currency markets at 9 am (0000 GMT), the dollar traded at 95.80-85 yen, down from Thursday's 5 pm quote of 96.65-67 yen.
The euro traded at 1.3958-63 dollars, down from late Thursday's quote of 1.4089-91 dollars, and at 133.78-83 yen, down from 136.17-21 yen.
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