Friday, November 21, 2008

Tokyo stocks open down 1.33 percent


TOKYO: Japan's Nikkei stock index opened 1.33 percent lower Friday after Wall Street plunged on more weak data and delayed action on the bailout for automakers.The benchmark index lost 102.69 points to 7,600.35 in the first minute of trading.US stocks plunged Thursday for a second straight day as Democrats in Congress put off a vote on a bailout for the "Big Three" automakers until at least December.The blue-chip Dow Jones Industrial Average sank to a fresh five-and-a-half year low, losing 5.56 percent to 7,552.29 after the closing bell.There was more bad news as the US Labor Department said new unemployment claims jumped to a 16-year high.


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