Tokyo The heavy losses on the US stock exchanges also weighed on Asia’s largest stock market, Japan, on Thursday. The Nikkei 225 index, which collects Japan’s 225 largest stocks, fell 2.8 percent at the start of trading and ended the lunch break at 26,238.4 points, 2.5 percent below the previous day’s closing price. The broader Topix of the Tokyo Stock Exchange also lost more than two percent.
Other markets in the region were not immune either. South Korea’s Kospi index fell by 1.6 percent to 2,583 points by midday, Australia’s ASX200 by 1.6 percent and Singapore’s Straits Times index by 1.4 percent at times. Investors in Asia also registered the uncertainty about American consumption, which had hit American retail stocks, but also high-tech stocks particularly hard on Wednesday. The Dow Jones dropped 3.6 percent and the tech-heavy Nasdaq even dropped 4.7 percent.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue