Japanese Stocks Tumble 6% as Long-Running Surge Falters

Category: Finance

Japanese stocks experienced a significant decline, with the Topix index falling 6.1% and the Nikkei 225 index dropping 5.8% due to panic in the markets following the Bank of Japan's interest rate hike. Concerns about the economy and the tech industry in the U.S. further exacerbated the situation.

Keywords: Japanese stocks, Bank of Japan, interest rates

Source: The New York Times

Update At: 8/5/2024

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