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Japanese stocks plummeted 5%, with the China Southern Peak Topix ETF and the Huaan MUFG N225 ETF both falling more than 4%.
Why did the Japanese stock market crash?
The Bank of Japan's hawkish stance and escalating economic recession concerns resulted in the Japanese stock market falling for the second consecutive day.
Due to market expectations that Japan's central bank will further tighten monetary policy, the Japanese stock market has plummeted for the second consecutive day.