Japan's Nikkei Index Closes at 26-Year Low

TOKYO Japan's benchmark Nikkei index has closed at a 26-year low, dragged down by relentless fears about the global economy and financial sector. The Nikkei 225 stock average on Monday lost 87.07 points, or 1.2 percent, to 7,086.03 — the lowest closing level since Oct. 6, 1982 when the index finished at 6,974.35. The broader Topix index fell 1.5 percent to 710.53, also setting a quarter-century low.