An electronic stock board displayed inside the Kabuto One building in Tokyo, Japan, on Thursday, June 27, 2024.nosedived 5% on its open, with most Asia-Pacific markets lower after a sell-off on Wall Street overnight.
The Nikkei extended its 2.62% slide on Thursday to lead losses in the region and reach its lowest level since February. The Topix also plunged more than 5%. Some heavyweight names that are seeing losses include Softbank Group, which tumbled 6.7%. Trading houses Mitsui and Marubeni saw losses of over 9% and 7%, respectively.falling below the 1% mark to hit its lowest level since June.was also 2.07% down, retreating from its all-time high achieved on Thursday.South Korea's inflation numbers for July
came in slightly higher than expected, with the country's consumer price index climbing 2.6% year on year, compared to the 2.5% expected by economists polled by Reuters. The gloomy sentiment in Asia markets comes after a sell-off on Wall Street in Thursday's trading session, which saw all three major U.S. indexes plunge on recession fears.