29 August 2001, 10:32 Japan stocks end below 11,000 for first time in 17 years
Tokyo, Aug. 28 (BridgeNews) - The Japanese stock market continued to
fall, with the Nikkei 225 Stock Average breaking the psychologically
important 11,000 level for the first time since October 1984 on
broad-based selling pressure after steep falls on Wall Street overnight.
Banking shares, in particular, were hit by media reports of the
government's new plans to resolve bad loans. The Nikkei 225 Stock Average
closed down 209.64 points, or 1.9%, at 10,979.76.
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