Tokyo stocks extended losses Monday morning, as fears over potential recessions in the United States and Europe continued to haunt investors amid prospects of prolonged interest rate hikes.
The 225-issue Nikkei Stock Average fell 305.83 points, or 1.11 percent, from Friday to 27,221.29. The broader Topix index was down 13.11 points, or 0.67 percent, at 1,937.10.
On the top-tier Prime Market, decliners were led by mining, transportation equipment, and pharmaceutical issues.
