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Corporate earnings, stronger yen push Tokyo stocks down (Roundup)
Nov 2, 2009, 6:14 GMT
Tokyo - Stocks in Tokyo on Monday fell on disappointing earnings reports, a stronger yen and pessimistic evaluations of the global economy.
The Nikkei 225 Stock Average plummeted 231.79 points, or 2.3 per cent, to close at 9,802.95.
The broader-based Topix index was also down 14.13 points, or 1.58 per cent, at 880.54, ahead of the stock market's closure Wednesday for the Culture Day holiday.
On currency markets at noon (0300 GMT), the dollar traded at 89.96-97 yen, down from Friday's 5 pm quote of 91.09-12 yen.
The euro traded at 1.4741-44 dollars, down from 1.4825-28 dollars Friday, and at 132.60-70 yen, down from 135.07-11 yen.
A stronger yen makes Japanese producers' products more expensive abroad and reduces their overseas earnings.
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