Tokyo stocks drop more than 3%, extending global slump

TOKYO : Tokyo stocks slumped more than three percent on Wednesday morning, extending a drop on global markets as a stronger yen hit exporters and falling oil prices reignited worries about the world economy.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange tumbled 3.14 percent, or 556.51 points, to 17,194.17 by the break, while the broader Topix index of all first-section shares dived 3.26 percent, or 47.29 points, to 1,404.75.

Agencies

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