Asia stocks tumble, Tokyo hits 28-year low amid global rout


TOKYO: Asian shares tumbled on Monday, pushing the broader Tokyo market to a 28-year low, as investors extended a rout of global stocks and worried about a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China.

Tokyo's broader Topix index .TOPX lost 2.1 percent to 693.35, a level not seen since late 1983, as Asian markets plumbed new lows for 2012. Japan's Nikkei average .N225 fell 2 percent after last week marking its ninth straight week of losses, the longest such losing streak run in 20 years. .T

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