Tokyo stocks slide in early trading

Tokyo stocks slide in early trading Tokyo  - Stocks in Tokyo lost ground in Monday morning trading as investors took a dimmer view on the global economic outlook.

The benchmark Nikkei 225 Stock Average index dropped 272.08 points, or 2.71 per cent, to 9,762.66, driven down by a stronger yen and losses on Wall Street, triggered by weak US consumer spending data.

The broader-based Topix index was down 19.01 points, or 2.12 per cent, to 875.66.

On currency markets at 9 am (0000 GMT) the dollar traded at 89.71-72 yen, down from 91.09-12 yen from Friday's 5 pm quote.

The euro was down to 1.4702-05 dollars from 1.4825-28 dollars, and at 131.90-94 yen, from 135.07-11 yen late Friday. (dpa)