Japanese stocks plummeted by over 5%, risk off due to concerns about the US economy since the novel coronavirus shock
Updated 2024/8/2 9:51 JST (some excerpts)
The Tokyo stock exchange rate continued to drop drastically on the 2nd. Both the TSE stock price index (TOPIX) and the Nikkei Stock Average fell 5% at one point, and it has been an intraday rate of decline since they plummeted due to the novel coronavirus shock. Indicators showing deterioration in the employment environment have occurred one after another in the United States, and concerns about the future of the economy are intensifying. All 33 industries on the Tokyo Stock Exchange are cheap, mainly in export sectors such as electronics and machinery, and financial sectors such as banking, insurance, and securities.
TOPIX is 4.6% lower than the previous day at 2578.99 - as of 9:35 a.m.
The Nikkei Stock Average fell 4.4% to 36,444 yen 85 sen
The Tokyo stock exchange rate continued to drop drastically on the 2nd. Both the TSE stock price index (TOPIX) and the Nikkei Stock Average fell 5% at one point, and it has been an intraday rate of decline since they plummeted due to the novel coronavirus shock. Indicators showing deterioration in the employment environment have occurred one after another in the United States, and concerns about the future of the economy are intensifying. All 33 industries on the Tokyo Stock Exchange are cheap, mainly in export sectors such as electronics and machinery, and financial sectors such as banking, insurance, and securities.
TOPIX is 4.6% lower than the previous day at 2578.99 - as of 9:35 a.m.
The Nikkei Stock Average fell 4.4% to 36,444 yen 85 sen
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