Tokyo stocks down 2.75% by morning break

Tokyo stocks tumbled almost three per cent on Thursday morning as jittery investors dumped shares following a sharp fall on Wall Street on the back of concerns over global growth.

The benchmark Nikkei 225 index, which slumped over three per cent at the open, was down 393.54 points, to 13,932.92 by the break, while the Topix index of all first-section shares lost 2.10 per cent, or 24.80 points, to 1,154.07.

The Dow Jones Industrial Average fell 0.69 per cent to 15,302.80 on Wednesday due to concern over the global economy and the recent surges in US bond yields.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1249583/tokyo-stocks-down-275-morning-break