News Formal

Japanese stocks crash in biggest one-day drop ever as global market rout intensifies

  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 55%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Japanese stocks suffered their biggest ever daily loss Monday as fears about a US economic slowdown sent shock waves through global markets.

The Nikkei 225 index of leading stocks in Tokyo lost a staggering 4,451 points, its biggest drop in history. The index closed more than 12% down, taking its losses since early July to 25% and entering bear market territory. “That was a crash. It smelled like 1987,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told CNN. He was referring to “Black Monday” in October 1987, when global markets plunged and the Nikkei lost 3,836 points.

Traders expect more rate hikes to come later this year as the central bank tries to contain inflation. The Nikkei closed down 5.8% Friday, as traders fretted about the impact of a stronger yen on Japanese companies. A rising yen would hurt exporters and companies with overseas earnings. A rapid appreciation in the Japanese currency has also forced many market participants to unwind the yen carry trade, a hugely popular trading strategy.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 393. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Jim Cramer's top 10 things to watch in the stock market MondayThe S&P 500 and Nasdaq were heading for a higher open Monday after a tough week.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
مصدر: NBCLA - 🏆 319. / 59 اقرأ أكثر »

Monday's analyst calls: Apple price target hike ahead of earnings, cloud stock gets an upgradeTwo tech companies were among the names being talked about by analysts on Monday.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Jim Cramer's top 10 things to watch in the stock market MondayWall Street looked to rebound Monday after the S&P 500's worst week since April.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

5 things to know before the stock market opens MondayHere are five key things investors need to know to start the trading day.
مصدر: NBCDFW - 🏆 288. / 63 اقرأ أكثر »