Markets looking shaky over night

Sunday, June 22, 2008

9:26Taisei Corp. to work with Bechtel in emerging markets

9:11Asia Markets: Tokyo stocks drop for third straight session

8:33Japanese shares suffer big early losses

8:10Nikkei loses 238.11 points to 13,703.97 in early minutes

8:10Topix drops 26.42 points to 1,330.32 points in early minutes

Japanese shares suffered big losses Monday, extending their decline into the third straight session, as exporters such as Toyota Motor Corp. and Nikon Corp. reacted to a strengthened yen and a decline on Wall Street.

The Nikkei 225 Average lost 1.5% to 13,732.43, on top of the 1.3% drop Friday, and the broader Topix index gave up 1.7% to 1,333.17.

South Korea's Kospi shed 1.6% to 1,703.78 and Australia's S&P/ASX 200 lost 1% to 5,235.90, while New Zealand's NZX 50 index slipped 0.3% to 3,275.26.