Tokyo - Tokyo stocks continued their losing streak Thursday on lingering US credit woes.

The benchmark Nikkei 225 Stock Average declined 149.74 points, or 1.21 per cent, in morning trading to 12,196.89.

The broader Topix index of all first-section issues was also down 18.13 points, or 1.5 per cent, at 1,174.25.

Shares were hit after Lehman Brothers Holdings Inc, the fourth-largest US investment bank, which has been hard-hit by the US financial and mortgage crisis, reported a record loss Wednesday of 3.9 billion dollars.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.40-45 yen, up from Wednesday's 5 pm quote of 107.17-18 yen.

The euro was quoted at 1.3938-43 dollars, down from Wednesday's 5 pm quote of 1.4162-63 dollars, and at 149.70-75 yen, down from 151.78-82 yen. (dpa)