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Posted AT 2:31 AM EST on 08/10/08

Japan's stock index plunges on crisis fears

Associated Press

TOKYO — Japan's Nikkei stock index has plummeted 9.4 per cent to close at a five-year low on deepening fears over the global financial crisis. The benchmark index on Wednesday nose-dived 952.58 points to 9,203.32, the lowest finish since June 2003. The index has lost 24 per cent in the last two weeks. The dollar also briefly fell below 100 yen.

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