Tokyo's Nikkei index down more than 3% in late trade
TOKYO (AFP) - Tokyo stocks tumbled more than 3 per cent on Tuesday afternoon, hit by a stronger yen and tracking heavy losses on Wall Street after weaker-than-expected US jobs data.
The benchmark Nikkei-225 index fell 3.22 per cent, or 512.90 points, to 15,399.16 by 2pm.
On Friday, the United States Labour Department said the world's biggest economy added a mere 74,000 jobs in December, well below the consensus estimate of 197,000. The news fuelled speculation the Federal Reserve will delay a further reduction in its stimulus programme, a negative for the dollar.
Japan's markets were closed on Monday for a national holiday.