Japan's Nikkei 225 index plunges nearly 7% as global sell-offs resume

Category: Finance

Japan's Nikkei 225 stock index fell 6.7% early Monday, continuing a sell-off that began last week due to concerns over the U.S. economy and high interest rates. The index dropped significantly after a disappointing U.S. hiring report, leading to global market declines. The Bank of Japan's recent interest rate hike has also contributed to the Nikkei's struggles, impacting exporters and tourism.

Keywords: Nikkei 225, stock market, interest rates

Source: The Detroit News

Update At: 8/5/2024

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