By and and and and and
with contributions from Christine Lee
 on March 14, 2011

Global stock markets fell Monday as investors started tallying up the costs of last week’s earthquake in Japan, the world’s third-largest economy.

The Nikkei 225 dropped 6.2 percent to 9,620.49 in Tokyo, where traffic in stores was light and rolling blackouts hurt commerce. The region’s retail stocks took a beating with Takashimaya slumping 10.9 percent as Isetan Mitsukoshi shed 9.5 percent, Fast Retailing dropped 6.7 percent and Shiseido lost 5.3 percent. Textiles firm Onward Holdings’ stock declined 10.4 percent.

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