Tokyo stocks dive more than 5% on fears over US economy

Tokyo stocks dive more than 5% on fears over US economyTokyo's benchmark Nikkei 225 index plunged more than five percent in morning trade Tuesday amid rising doubts about the US economy and fears sparked by a US government funding crisis. At the midday break, the Nikkei index was down 5.05 percent or 1,018.74 points at 19,147.45, after dipping to as low as 19,138.88 -- the lowest level since April 2017. The dollar fetched 110.13 yen in midday Tokyo time, down from 110.43 yen in New York on Monday and 111.38 yen in Asian trade on Friday.




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