RTRS: Nikkei slips over 3 percent as overseas bank fears weigh
The Nikkei average slipped 3.1 percent on Tuesday as Mizuho Financial Group and other banks slid on worries about the stability of European banks, with a stronger yen sparking selling of exporters. Kyocera Corp and other high-tech shares fell on concerns about slumping demand amid the global recession, while trading houses slipped as oil prices softened.
The benchmark Nikkei shed 257.83 points to end morning trade at 7,999.02, while the broader Topix lost 2.4 percent to 798.06.
