The Nikkei stock average plunged to a fresh 17-year low Monday after Friday’s tumble on Wall Street and a negative report on domestic machinery orders erased a rally sparked by a Finance Ministry comment out of Shanghai.
The 225-issue Nikkei plunged 321.10 points, or 3.05 percent, to close at an intraday low of 10,195.69, its lowest finish since Aug. 2, 1984, when it closed at 10,086.87.
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