Japan's Nikkei drops 5% to an 8-month low, Topix clocks worst day in 8 years as Asia markets fall
Publishing timestamp: 2024-08-01 23:41:09
Summary
Asian markets, including Japan's Topix and Nikkei 225, tumbled on Friday following a sell-off on Wall Street due to recession worries. South Korea's Kospi and Kosdaq also saw significant losses, while Australia's S&P/ASX 200 retreated from its all-time high. The gloomy sentiment was fueled by fears of a possible recession in the US, with all major indexes plunging and fresh data indicating economic contraction.
Sentiment: NEGATIVE
Tickers: 9984.T-JP, .HSI, .DJI, .SPX, 8002.T-JP, 8601.T-JP, .AXJO, JP10Y-JP, .KS11, 8031.T-JP, .RUT, .IXIC, .N225,
Keywords: world markets, asia economy, softbank group corp, japan 10 year treasury, mitsui & co ltd, marubeni corp, breaking news: markets, kospi index, daiwa securities group inc, hang seng index, business news, nikkei 225 index, markets, s&p 500 index,