Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Dotard: an educational insult

Read more

#TECH 24

Medtech: Repairing the human body

Read more

ENCORE!

Jennifer Lawrence on why she's unafraid to speak out

Read more

#THE 51%

Hola "Ellas Hoy" - The 51 Percent welcomes its sister show on FRANCE 24 Spanish

Read more

YOU ARE HERE

A stroll through the Corsican city of Calvi, jewel of the Mediterranean

Read more

REPORTERS

The torment of Christians living in Syria’s Khabur valley

Read more

FOCUS

'Generation Merkel' yearns for continuity and stability

Read more

DOWN TO EARTH

Amazon rainforest pays heavy price for Brazil's political crisis

Read more

EYE ON AFRICA

Presidential election re-run pushed back to October 26th

Read more

Nikkei plunges seven percent in early trading

Text by AFP

Latest update : 2008-11-07

Persistent fears of a global recession and a grim warning from Toyota Motor that it was cutting its net profit forecast in half drove down Japan's benchmark Nikkei more than seven percent in early trading.

Japan's Nikkei stock index tumbled more than seven percent in early trading on Friday, hit by growing fears of a deep global recession and a profit warning from Toyota Motor.
   
The benchmark lost 633.05 points to 8,266.09.
   
Global markets tumbled on Thursday after an unprecedented British interest rate cut of 1.5 percentage points and a slew of gloomy profit forecasts.
   
After the close on Thursday, Toyota slashed its annual net profit forecast by more than half and said earnings tumbled 48 percent in the six months to September due to a stronger yen and weak global economy.

Date created : 2008-11-07

COMMENT(S)