29 March 2001, 11:28 Japan shares fall 5% hit by Wall Street losses
Tokyo, March 29 (BridgeNews) - The Nikkei plummeted 5% on all-round
sell-off following heavy losses on Wall Street overnight. Technology
issues drew heavy selling on earnings concerns following a profit warning
from Nortel Networks. Weaker-than-expected Japanese industrial output data
also undermined sentiment, traders said. The Nikkei headed lower
throughout the day and ended at the session's low of 13,072.36, down
693.15 points.
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