Tokyo, Nov. 5 (Jiji Press)–Japan’s benchmark Nikkei stock average plunged Wednesday, briefly slipping below 50,000 on an intraday basis for the first time since Oct. 27. The index finished at 50,212.27, down 1,284.93 points, or 2.49 pct, from Tuesday, after losing more than 2,400 points in the morning. The broader TOPIX index slid 41.85 points, or 1.26 pct, to 3,268.29. On the Tokyo stock market, selling of chip-related issues grew following the weak overnight performance of Wall Street, brokers said. END [Copyright The Jiji Press, Ltd.]
Nikkei Plunges to Briefly Slip below 50,000
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