Friday October 10, 03:26 AM
Nikkei dives, eyeing biggest fall since '87 crash
TOKYO, Oct 10 (Reuters) - The Nikkei average tumbled 11 percent on Friday, leaving it facing its biggest one-day drop since the 1987 stock market crash on fears the financial crisis will lead to a global recession.
The benchmark Nikkei (news) sank 10.6 percent or 974.12 points to finish the morning session at 8,183.37. At one stage, it hit the lowest point since May 2003.
If it finishes at this level, it will surpass a 9.4 percent fall in the Nikkei earlier this week, which was the biggest fall since a 14.9 percent one-day slide during the 1987 stock market crash.
The broader Topix lost 8.3 percent to 829.91.
(Reporting by Aiko Hayashi)
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