Fearing that the American banking crisis would spread, the Nikkei 225 index in Japan fell by more than 600 points at times.
(Photo: dpa)
The consequences of two bank failures in the US hit Asia’s markets harder on Tuesday than the day before. While the stock indices in the USA remained stable, the Japanese Nikkei 225 index of the 225 largest companies fell by 2.5 percent to 27,148 points until shortly before 11 a.m. The broader Topix even dropped by more than three percent to 1,940 points.
By then, South Korea’s Kospi index had fallen by two percent to 2,362 points. Singapore’s Straits Times Index also continued to fall. Even Hong Kong’s Hangseng and Shanghai Composite Indexes, which are more aligned to Chinese events, opened with losses. However, most markets were able to partially recoup losses in further morning trading.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further