Japan's benchmark indexes nosedived as much as 5% on Friday, with most Asia-Pacific markets lower after a sell-off on Wall Street overnight over recession worries.The Nikkei extended its 2.62% slide on Thursday to lead losses in the region and reach its lowest level since February.
However, K-pop stocks were a bright spot for the market. Shares of all four listed K-pop companies defied the broader sell-off to climb on Friday, led by Hybe after the firmcame 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.
Nederland Laatste Nieuws, Nederland Headlines
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Japan stocks plunge 5% with Asia markets broadly lower after Wall Street sell-offThe gloomy sentiment in Asia markets after a sell-off on Wall Street in Thursday's trading session, which saw all three major U.S. indexes plunge on recession fears.
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Japan's stocks plunge 5% with Asia markets broadly lower after Wall Street sell-offThe gloomy sentiment in Asia markets after a sell-off on Wall Street in Thursday's trading session, which saw all three major U.S. indexes plunge on recession fears.
Lees verder »