Japan’s Nikkei 225 index down 12.4% as world markets tremble over risks to the US economy

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BANGKOK—Japan’s benchmark Nikkei 225 stock index plunged 12.4 percent on Monday, resuming sell-offs that are shaking world markets as investors fret over the state of the US economy.

The Dow Jones Industrial Average dropped 1.5 percent, and the Nasdaq composite fell 2.4 percent, taking it to 10 percent below its record set last month.

Hong Kong’s Hang Seng index lost 2.2 percent to 16,579.97 and the S&P/ASX 200 in Australia declined 3.7 percent to 7,649.60.

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Author / Journalist: Elaine Ganley / The Associated Press

Category: BusinessStartups

Markets: PhilippinesAustraliaHong KongJapanSouth KoreaSingaporeTaiwan

Topics: Percent Monday Recession Markets Nikkei Benchmark Friday Economy Index World

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 12:15:35 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 911 words

Reading Time: 6 minutes read

Sentences: 31 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21931923

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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