Photo taken on Oct. 10 shows a video display showing financial data in downtown Tokyo. Tokyo stocks crashed Friday with the key Nikkei index nose diving 9.62 percent to a new low since May 28,2003.

A man looks at a video display showing financial data in downtown Tokyo Oct. 10, 2008. Tokyo stocks crashed Friday with the key Nikkei index nose diving 9.62 percent to a new low since May 28,2003.

TOKYO, Oct. 10 (Xinhua) -- Tokyo stocks crashed Friday with the key Nikkei index nose diving 9.62 percent to a new low since May 28,2003.

The slump in the Japanese stock market was triggered by panic sell-offs amid mounting concerns among investors over the global financial crisis.

The benchmark Nikkei-225 average plunged 881.06 points to 8,276.43 from Thursday.

The Topix index lost 64.25 points to 840.86, a 7.10 percent fall on the previous trading day.

On the First Section, declining issues outnumbered advancing ones by 1,499 to 175, with 40 others remaining unchanged.

Trading volume on the main section went up to 3,274.41 million shares from 2,918.98 million Thursday.

Value leader Mizuho Financial Group shrank 44,000 yen, or more than 11 percent, to 330,000 yen while volume leader Nippon Steel edged down 7 yen, or 2 percent, to 294 yen.

The Second Section index of the Tokyo Stock Exchange fell 57.72points, or 2.98 percent, to 1,877.49 on a volume of 59.04 million shares.

On the Osaka Securities Exchange, the near-term December Nikkei225 index futures contract dropped 1,180 points to 8,020.