Nikkei dives over 3% on uncertainty over Bush stimulus package+

[Purveyor]

Source: Associated Press

TOKYO, Jan. 21 (AP) - (Kyodo)—(EDS: TO BE LED)

Tokyo stocks dived Monday morning, with the key Nikkei stock index shedding over 3 percent, as investors remained skeptical whether a stimulus package U.S. President George W. Bush has unveiled can prevent a recession in Japan's largest export market.

The 225-issue Nikkei Stock Average plunged 466.01 points, or 3.36 percent, from Friday to 13,395.28. The index hovered near the lowest intraday level marked since Oct. 28, 2005.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 39.80 points, or 2.97 percent, to 1,301.70.

All stocks fell across the board led by sharp declines in metal products, real estate, and insurance issues.



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