Japan stocks plunge, leading global market sell-off

Category: Finance

Japanese stock markets experienced a historic drop, with the Nikkei 225 index falling 12.4%, the largest single-day point drop ever. This decline was fueled by fears of a strengthening yen, potential U.S. recession, and geopolitical tensions in the Middle East. Trading was suspended in Japan to prevent panic selling, and similar declines were seen across Asia and Europe. Analysts suggest this crash is a market correction after years of low interest rates and risky investments.

Keywords: Nikkei 225, stock market crash, U.S. recession

Source: Voice of America

Update At: 8/5/2024

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