Japan’s Nikkei 225 index crashes 7%, yen rallies as US recession concerns shake global markets | Stock Market News

Category: Finance

Japan's stock market experienced a significant decline, with the Nikkei 225 index dropping over 7% and the broader Topix down 6.6%. The yen strengthened against the dollar following a recent interest rate hike by the Bank of Japan. Asian markets continued to suffer losses due to concerns over a potential recession in the US, following a weak jobs report and expectations of a Federal Reserve rate cut.

Keywords: Nikkei 225, stock market, recession fears

Source: Livemint

Update At: 8/5/2024

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