[lbo-talk] Nikkei falls 6 pct to 26-yr low, on yen, bank fears

uvj at vsnl.com uvj at vsnl.com
Mon Oct 27 05:52:43 PDT 2008


Nikkei falls 6 pct to 26-yr low, on yen, bank fears http://www.reuters.com/article/rbssInvestmentServices/idUST10540120081027?sp=true

Mon Oct 27, 2008

*Nikkei marks lowest close since October 1982 *Banks hit on fears of fund raising needed to offset losses *Yen advances on dollar, G7 statement has little effect *Japan pledges policy steps but fails to boost market (Adds stocks, details)

By Elaine Lies

TOKYO, Oct 27 (Reuters) - Japan's Nikkei average slid 6.4 percent on Monday to its lowest close in 26 years, as the yen rose to batter exporters such as Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) and banks tumbled on concerns they would need to beef up capital. http://www.reuters.com/article/rbssInvestmentServices/idUST10540120081027?sp=true



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