Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
TOKYO — Japan’s Nikkei 225 stock index plunged more than 12% on Monday as investors worried that the U.S. economy may be in worse shape than had been expected and dumped a wide range of shares.
Monday’s decline was the second largest percentage loss in a single day and the largest ever loss in terms of points. “The surge in financial market volatility was the result of a perfect storm of macro and market shocks at a time when risk assets were already overbought and overstretched,” BMI, a unit of Fitch Solutions, said in a report. It said the Bank of Japan’s July 31 decision to raise its key interest rate “led to a sharp unwind of the yen carry trade, which added downside pressure on risk assets which were already selling off.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan's Nikkei 225 stock index sinks 12.4% as investors dump a wide range of sharesJapan's Nikkei 225 share index has plunged more than 12% as investors worried that the U.S. economy may be in worse shape than had been expected dumped a wide range of shares
Read more »
Japan's Nikkei 225 stock index sinks 12.4% as investors dump a wide range of sharesJapan's Nikkei 225 share index has plunged more than 12% as investors worried that the U.S. economy may be in worse shape than had been expected dumped a wide range of shares
Read more »
Japan's Nikkei 225 stock index sinks 12.4% as investors dump a wide range of sharesJapan's Nikkei 225 share index has plunged more than 12% as investors worried that the U.S. economy may be in worse shape than had been expected dumped a wide range of shares
Read more »
Japan's Nikkei 225 stock index sinks 12.4% as investors dump a wide range of sharesJapan's Nikkei 225 share index has plunged more than 12% as investors worried that the U.S. economy may be in worse shape than had been expected dumped a wide range of shares
Read more »
Japan's Nikkei 225 share index surges to another record high, approaching 42,000Japan's Nikkei 225 share index has closed at another record high, gaining 0.6% to close Wednesday at 41,831,99. That followed a record close on Tuesday, as world markets tracked gains on Wall Street. The Nikkei 225 index also hit a record intraday high of 41,889.16.
Read more »
Japan's Nikkei 225 index plunges nearly 7% as global sell-offs resumeJapan's benchmark Nikkei 225 stock index has fallen nearly 7%, extending sell-offs that shook markets last week. The Nikkei had shed more than 2,400 points to 33,488.08 about a half-hour after opening but stabilized somewhat after that. The index was down about 6.1% about an hour after trading began. Stocks tumbled Friday on worries the U.S.
Read more »