Nikkei down 8% at open

By Edward Harrison On Oct 9, 2008

This does not bode well.

Japan’s Nikkei stock average slid more than 8% on Friday after U.S. stocks plummeted on fears about a global recession, while a firm yen added to the pain.

In early trade, the benchmark Nikkei had shed 673.72 points to 8483.77.
–Sydney Morning Herald

Also see: Asian stocks hit after Dow plunge – BBC News (The Nikkei is down 10% now)

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Free Fallin’

News round-up: 10 Oct 2008

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