Saturday, March 3, 2012

Japan stocks fall amid yen, Europe debt concerns

Japanese stocks extended losses Monday, as a stronger yen and European debt jitters sent the benchmark Nikkei 225 index to a two-month low.

The benchmark Nikkei 225 stock average lost 105.27 points, or 1.1 percent, to 9,951.82 _ its first finish under the key 10,000 line since Dec. 10. The broader Topix index shed 1 percent to 883.01.

Worries about unsustainable government debt in several European countries has rattled global financial markets since early this year. Those concerns intensified last week, undermining the euro, after Portugal's lawmakers defeated the government over its deficit reduction plan.

The yen's advance against the euro as …

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