Tokyo  - The Tokyo market extended its recent losses Friday after Toyota Motor Corp announced a sharp cut in it earnings forecast for the current fiscal year.

The Nikkei 225 Stock Average lost 316.14 points, or 3.55 per cent, to close at 8,583.

The broader Topix index of all first-section issues was also down 30.3 points, or 3.33 per cent, to 879.

For the week, Nikkei was up 0.07 per cent, and Topix also rose 1.35 per cent.

Taipei - Taiwa

Indian equities opened negatively for the third straight session on rising global recessionary pressures.

Auto and IT stocks went down, whereas oil & gas and FMCG stocks gained ground.  

BSE Midcap and Smallcap index climbed 0.32% and 0.15% respectively.

Today, the 30-share index, BSE Sensex opened at 9,631.59, down 102.63 points, as against its last closure in which it settled with a loss of 385.79 points.

Toky

New York - Wall Street suffered big declines again Thursday, heaping losses in share prices on top of Wednesday's sharp selloff.

The two-day losses on benchmark US stock indices is now the sharpest since 1987.

Thursday saw news of continued heavy job losses in the US economy.

"We're a long way from the end of the economic challenges," Mike Morcos, an investment manager at Old Second Wealth Management, told the Bloomberg financial news agency. "Earnings next year are going to be significantly lower, and estimates are going to continue to come down."