Wednesday, February 28, 2001
Stocks: Nikkei Marks New Closing Low Since Oct '98

[Dow Jones] Nikkei ends down, again at lowest close since October, 1998, as worries intensify over impact of weakening U.S. economy on Japan economy and stocks; index ended down 1.4% at 12883.54 after briefly cutting below October, 1998 intraday and closing lows to test 15-year lows.

Export-oriented stocks fell on fears of earnings impact. Nikkei expected weak near term unless Japan returns to zero interest rate policy, some traders say.


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