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Tokyo stocks tumble from bell on yen's rise, global economic outlook woes

Xinhua, February 12, 2016 Adjust font size:

Tokyo stocks plunged from the off on Friday as the yen's rapid appreciation against the U.S. dollar and ongoing concerns about a slowdown in global economic growth combined to create a dour market mood.

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 708.00 points, or 4.51 percent, from Wednesday to 15,005.39.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 54.46 points, or 4.31 percent, to 1,210.50.

All industry categories on the main section retreated, with securities, financial and marine transportation-linked stock comprising the most notable early decliners. Enditem