Tokyo Market Hits 28-Year Low Amid Global Rout
The Tokyo market slumps to a 28-year low as Asian shares dive on fears of a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China.
(CNBC/REUTERS) TOKYO - Investors hedged against global financial and economic crisis, heading for havens such as the benchmark 10-year Japanese government bond whose yield fell below 0.80 percent to its lowest since July 2003. Ten-year JGB futures prices jumped to a 19-month high.
The FTSE CNBC Asia 100 Index .FTFCNBCA 5546.95 -111.28 (-1.97%), which measures markets across Asia, shed 2.1 percent.