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18 April 05: Asian Stock Markets Tumble


Asian stock markets closed lower across the board Monday, with the key market in Tokyo experiencing its greatest one-day drop in more than 11 months.

Tokyo's Nikkei index plunged 3.80% (432 points), to close at 10,938. The Nikkei lost 1.66 percent on Friday.

Hong Kong's key index, the Hang Seng, closed just over two percent lower (284 points), to finish at 13,355.

Elsewhere, share prices were lower in Taipei, Bangkok, Singapore, Wellington, Sydney, Seoul, Jakarta, Shanghai, Kuala Lumpur, Manila and Bombay.

The U.S. dollar was quoted at 107.66 yen in Tokyo, down 0.65 yen from late Friday in Tokyo, but above its late Friday New York level of 107.76 yen.

The price of gold in Hong Kong rose two dollars to close at 425 dollars and 95 cents an ounce.

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