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Japanese stocks plunged Tuesday, weighed by worries about global economic recession and appreciation of the yen.
The Nikkei 225 index plunged 553.53 points, or 6.35 percent, to 7,863.69.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange declined 40.35 points, or 4.88 percent, to 787.12.
Japanese yen is trading in the level of 93.55 yen per US dollar.
Among all the TSE first section issues, 1,516, or 88 percent, declined and 154 advanced. The trading volume reached 1,889.19 million stocks or 1,402.6 billion yen.
With the US big three automaker preparing to submit their restructuring plans, investors is Japan are worried about the economic outlook.
Also, investment bank Goldman Sachs indicated that it might report a $2 billion net loss in its most recent financial quarter results.
"It seems investors are deeply concerned about the global economic recession and so they are not easily influenced by positive cues such as the rate cut announcement by the central bank in Australia," traders said.
Among all the TSE first 33 categories, 32 declined, led by oil issues such as ENEOS <5001> and trading house issues such as Marubeni <8002> while gas issues such as Osaka gas <9532> gained.
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