Tokyo stocks decline day after heady gains

By V. Phani Kumar, MarketWatch HONG KONG (MarketWatch) -- Asian markets declined Wednesday, with Japanese stocks dropping on shipping firms such as Nippon Yusen K.K. on worries about a slowing global economy, while energy-related shares like BHP Billiton lost ground after crude-oil prices fell overnight. The Nikkei 225 Average fell 0.8% to 9,371.74, a day after it surged a record 14.2% to close at 9,447.57 in the index's biggest one-day gain. The benchmark briefly crossed into positive territory in early trading, but slipped back to... [read full story]