Tokyo stocks fall as Nikkei losses exceed 800 points in broad sell-off

  • Tokyo stocks saw selective buying and selling tied to earnings, dividends and clinical results.
  • More than 800 points were lost at one stage in broad-based selling.
  • September interim dividend rights were established for March fiscal year-end companies.

Tokyo stocks extended their decline on the morning of Sept. 29, with the Nikkei Stock Average falling more than 800 points at one stage in a broad-based sell-off. Trading later showed selective buying in shares that had announced upward earnings revisions or dividend increases the previous day, while stocks going ex-rights for dividends and those affected by disappointing clinical trial results faced heavy selling.

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