Japan's Nikkei sees biggest tumble since 1987 crash – DW – 08/05/2024

Category: Finance

The Nikkei index fell 12.4% on Monday, marking its largest single-day drop since 1987, driven by poor US economic data and fears of a recession. The Dow Jones also dropped over 1,000 points, with significant declines in South Korea and Taiwan. Analysts cite the 'Sahm rule' indicating recession risks as global markets react to the economic downturn.

Keywords: Nikkei index, stock market crash, US recession fears

Source: DW

Update At: 8/6/2024

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