عن دواوجونز نيوزواير

ASIAN SUMMARY: Japan's Stocks Fall, Kuroda Warns

USD-Yen 117.88 gain 0.18 up 0.2%
AUD-USD 0.5465 gain 0.0007 up 0.1%
Nikkei 225 9509.04 loss 279.09 dn 2.8%
Hang Seng 10220.44 loss 44.60 dn 0.4%
JGB Yield 1.2900% up 0.01

TOKYO (Dow Jones)--Tokyo stocks plunged Monday morning as Japanese investors remained unconvinced of a U.S. market recovery, despite Wall Street's gains the previous week.

The market plunged shortly after the opening, when Japanese investors returned from their "obon" summer holidays to a market that offered little incentive to buy.

Monday morning losses were widespread, but notable decliners included high-technology stocks, such as Canon, JVC and Kyocera, as well as telecommunication shares Japan Telecom, KDDI and NTT.

In the currency market, the dollar showed signs again of volatility, creeping back up in morning trading after taking a beating last week.

Japan's currency authorities are keeping a close eye on the foreign exchange market and will step in if needed, a top finance ministry official said Monday.

"We are still watching markets closely and will take appropriate action as needed," Vice Minister for International Affairs Haruhiko Kuroda told reporters.

The euro traded at 115.99 yen, up from 115.32 yen late Friday in Tokyo.

The yield on the benchmark 10-year Japanese government bond rose to 1.2900% from Friday's finish of 1.2800%. Its price fell 0.09 point to 100.08.