Japanese shares close with 5.42 per cent loss

Updated on Aug 17, 2007 01:07 PM IST

Japanese share prices closed with a huge 5.42 per cent loss on Friday, one of its biggest falls in recent years.

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AFP | By, Tokyo

Japanese share prices closed with a huge 5.42 per cent loss Friday, one of its biggest falls in recent years as US housing worries battered Asian markets, dealers said.

They said investors dumped stocks as they rushed to safe havens such as bonds to escape the escalating fallout from problems in credit markets.

The Tokyo Stock Exchange's benchmark Nikkei-225 index of leading shares tumbled 874.81 points to end at 15,273.68.

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