Nikkei plunges with market uncertainty

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


NIKKEI 225 STOCK INDEX (at close, JP¥, 000s) 

May 1: 38,274.05

Jul 11: 42,224.02

All-time high fuelled by numerous factors, including wage hikes leading to higher consumer spending and post-Covid increase in tourism

Aug 5: 31,458.42
Biggest single-day decline since Oct 1987 Black Monday sell-offs

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Sources: AP, Reuters, Yahoo! Finance, Nikko Asset Management
Picture: Unsplash 
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