Japan's Nikkei 225 stock index sinks 12.4% as investors dump a wide range of shares

Category: Finance

Japan's Nikkei 225 stock index fell over 12% amid concerns about the U.S. economy, marking its worst two-day decline ever. The index dropped 4,451.28 points to 31,458.42, with significant losses in major companies like Toyota and Honda. Analysts attribute the decline to a combination of macroeconomic shocks and the Bank of Japan's recent interest rate hike, which has led to increased market volatility and selling pressure.

Keywords: Nikkei 225, stock market decline, Bank of Japan interest rate

Source: ABC News

Update At: 8/6/2024

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