Nikkei ends Tuesday at 18-year low

JAPAN - Tokyo's Nikkei average plunged to an 18-year low by Tuesday's close after banks and other major blue-chip issues took a beating on worries over the dimming economic outlook in Japan and the United States.

The Nikkei finished 3.2 percent lower at 9,217.04, falling below the previous year-to-date closing low of 9,420.85 marked in February. It was the lowest close since 7 November, 1983, when the Nikkei closed at 9,216.21.

"The market fell prey to sellers after investors fled in the midst