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Associated PressWorld markets drop after Wall Street slide
Nikkei index tumbles 2.37 percent; British benchmark sinks 2.6 percentUpdated: 8:30 a.m. ET Aug. 10, 2007
TOKYO - Stock markets plunged worldwide Friday with turmoil from the U.S. mortgage crisis rippling across the globe.
Stock markets in Europe fell, unappeased by the European Central Bank’s decision to inject another 61 billion euros into the banking system Friday, a day after it provided nearly 95 billion euros ($130.8 billion), the bank’s biggest infusion ever.
The Nikkei 225 index dropped 406.51 points, or 2.37 percent, to close at 16,764.09 points on the Tokyo Stock Exchange. The broader Topix index of all shares on the exchange’s first section sank 49.88 points, or 2.96 percent, to 1,633.93 points.
The Bank of Japan joined its U.S. and European counterparts in pouring in cash into money markets to calm growing jitters.
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