• For full details of graphics available/in preparation, see Menu -> Planners
News Sport
Nikkei plunges with market uncertainty infographic
Graphic charts a steep fall in the Nikkei 225 index.
GN46156EN
EN NL AR ES PT

MARKETS

Uncertain world markets trigger Nikkei index plunge

By Ninian Carter

August 5, 2024 - Japan’s Nikkei index has dropped more than 12% – negating its recent all-time highs – amid investor panic that the U.S. economy could be struggling with high interest rates meant to curb inflation.

Japan’s Nikkei index has plunged 12.4%, adding fuel to the fire of sell-offs shaking global markets as investors panic over the state of the U.S. economy.

The Nikkei 225 stock index closed down 4,451.28 points at 31,458.42 after publication of a report showing hiring by U.S. employers slowed last month by much more than expected, erasing the Nikkei’s recent all-times highs of over 42,000 – the biggest single day decline in the Nikkei since the 1987 Black Monday sell-offs.

Share prices have also taken a tumble in Tokyo since the Bank of Japan raised its benchmark interest rate last week – driven by a prolonged weakness in the yen, which pushed inflation above the central bank’s 2% target.

Global stocks tumbled on Friday, August 2, after weaker than expected employment data intensified concerns the U.S. economy could be struggling with high interest rates meant to curb inflation.

Sources
PUBLISHED: 05/08/2024; STORY: Graphic News
Advertisement