(MENAFN- Qatar News Agency) Tokyo stocks fell back sharply Wednesday, with the Nikkei Stock Average plunging 287.20 points, or 1.95%, to end the day at 14,426.05.
The benchmark index closed below 14,500 for the first time since Oct. 16, according to the ( Nikkei.com) website
Tokyo stocks opened higher in response to a rise in the Dow Jones industrial average overnight
However, profit-taking later dominated, with the Nikkei average trimming its gains
In the afternoon, speculation that Chinese authorities will tighten that country's monetary policy prompted stocks to fall in China and other Asian countries
Risk-averse investors dumped Japanese blue chips
The trading value on the first section of the Tokyo Stock Exchange totaled about 2.2 trillion yen on a preliminary basis.
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