TOKYO -- Japan's benchmark Nikkei Stock Average on Friday recorded the second-biggest daily drop in its history, as stocks extended losses following a sell-off in New York overnight.
Nikkei average tumbles to lowest close since January; Taiex and Kospi also skid

Chip-related stocks took a beating in Tokyo on Aug. 2, while financial stocks also felt some pain. (Photo by Yutaka Miyaguchi)
TOKYO -- Japan's benchmark Nikkei Stock Average on Friday recorded the second-biggest daily drop in its history, as stocks extended losses following a sell-off in New York overnight.