URGENT: Tokyo stocks extend losses in morning, Nikkei down over 2%

Economy

Tokyo stocks were sharply lower Monday morning, with the Nikkei index down over 2 percent, following a fall on Wall Street late last week amid worries that the U.S. central bank may further tighten monetary policy to fight high inflation. As of 10 a.m., the 225-issue Nikkei Stock Average was down 602.33 points, or 2.23 percent, from Friday at 26,401.23. The broader Topix index was 30.25 points, or 1.58 percent, lower at 1,885.66.

Kyodo News

Kyodo News