Nikkei extends losses on prolonged economic worries

Japan's Nikkei 225 Stock Average extended losses in early trading on Friday on prolonged economic concerns and the yen's strength against other currencies.

Japan's Nikkei 225 Stock Average extended losses in early trading on Friday on prolonged economic concerns and the yen's strength against other currencies.

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The benchmark index shed 423.18 points, or 4.76 per cent, to 8,475.96 in morning trading.

The Nikkei lost more than 6 per cent in Thursday trading.

On currency markets at 9 am, the dollar traded at 97.27-32 yen, down from Thursday's 5 pm quote of 97.90-93 yen.

The euro was quoted at $1.2690-95, down from Thursday's 5 pm quote of $1.2860-63, and at 123.42-52 yen, down from 125.92-96 yen.