last updated, March 12, 2001 07:23 GMT [wires] Japan's main stock index has closed at a 16-year low, with sentiment dampened by last week's sharp falls in US stocks.The Nikkei Stock Average lost a massive 456.53 points, or 3.75%, to close at 12,171.37. The US dollar was buying 120.44 yen on the foreign exchange market, up 0.68 from Friday and above last week's New York level of 119.70.On the stock market, the Nikkei slumped in response to the decline in US stocks sparked when Cisco Systems became the third big American hi-tech company to announce a bleak revenue outlook. _______________________________________________ CrashList website: http://website.lineone.net/~resource_base
