TOKYO: Tokyo shares fell 3.47 percent in early trade Tuesday amid a global sell-off triggered by worries over the state of the Chinese economy.
The Nikkei-225 index at the Tokyo Stock Exchange dropped 643.80 points to 17,896.88 in early trade, following a 4.61 percent slump on Monday, when it saw its lowest finish in six months.
The broader Topix index of all first-section shares fell 3.75 percent or 55.58 points to 1,425.29.
The continued stocks rout came after US, European and Asian shares nosedived on mounting worries over the Chinese economy.
“No one enjoys watching markets implode like this, but there’s not much you can do about it, that’s the problem,” James Lee, managing director and head of securities at First NZ Capital Ltd., told Bloomberg News.
It looks likely “that we carry on the recent trend and if we do, it will be a rough day,” he said.
