Nikkei closed at 7086.03 on March 9, 2009, marked a new post-bubble low since October 1982
March 9, 2009, Tokyo Stock Exchange was still in strong uncertainty over the economy, Nikkei average closed at 7086.03 yen, 87.07 yen lower than last week’s closing point. This closing point was lower than post-bubble’s low at 7162.90 yen marked on October 27, 2008, and broke 26 years 5 months lowest point since October 1982.
It becomes clear that the deterioration of economic of the global economy and fall in US and Europe stock markets is expected to made further deterioration of Japanese companies performance. Also the political uncertainty made selling spread across the stock market started by financial stocks.
The TOPIX index of all Tokyo Stock Exchange shows the price of the stock part (TOPIX) also fell 10.86 points at 710.53, a new low record and broke about 25 years lowest point since December 1983. Financial institutions have faced the risk of impairment due to falling stock prices on fiscal year closing on March 2009.
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