Wednesday, March 14, 2007

Asian markets trading lower; Nikkei down 512 points

Japan's benchmark Nikkei 225 index fell 3% in morning trade today in the wake of a sharp sell-off on Wall Street and a strengthening of the yen against major currencies.

Japan's Nikkei plunged 2.98% 512.04 points at 16,666.80.

Singapore's Straits Times fell 2.78% or 87.82 points at 3,071.08.

South Korea's Seoul Composite was down 2.06% or 29.63 points at 1,406.42.

Taiwan's Taiwan Weighted tumbled 1.51% or 116.03 points at 7,567.97.

Hong Kong's Hang Seng slipped 0.56% or 109.28 points at 19,333.14.