4TH LD: Nikkei down 6%, trades in 7,100 level.TOKYO, Oct. 27 Kyodo (EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. : UPDATING) Japan's key Nikkei stock index went into yet another free fall Monday, briefly plummeting 6 percent to the 7,100 level in a sign the stock bellwether may be heading for a lowest finish in 26 years. Shortly after 2 p.m., the 225-issue Nikkei Stock Average Nikkei stock average Applies mainly to international equities. Price-weighted average of 225 stocks of the first section of the Tokyo Stock Exchange started on May 16, 1949. Japanese equivalent of the US Dow. plunged about 6 percent to 7,141.27. The Nikkei fell to the 7,500 level at the outset of trading, sinking below 7,607.88 -- its lowest close since Nov. 9, 1982 -- logged in April 2003. Only closing levels are available for the Nikkei for the period before late 1985. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion