Tokyo stocks down 2.10pc by break

Tokyo stocks tumbled 2.10 per cent on Monday morning after the safe-haven yen soared on weekend news that Cyprus would have to tax bank customers’ deposits as part of an EU bailout deal.

The benchmark Nikkei 225 index lost 263.88 points to 12,297.07 by the break while the Topix index of all first-section issues shed 1.71 per cent, or 17.94 points, to 1,033.71.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1193535/tokyo-stocks-down-210pc-break