Global Economy - Markets - Finance

Japan’s Nikkei tumbles into a bear market after Wall Street’s latest slide

Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump’s attack on the U.S. central bank. The Nikkei 225 NIK, +1.48% fell by an unusually wide margin of 5%, hitting its lowest point since May 2017 with a close at 19,155.74. The index is now down just over 21% from highs reached in early October, which meets a widely accepted definition of a bear market. Loses were widespread, with all 33 Tokyo Stock Exchange subsectors posting losses. Fuji Electric 6504, +1.83%  dropped over 7%, SoftBank Group 9984, +0.48%   was off 7.6%, Fast Retailing 9983, +0.30%   fell over 4% and Toyota 7203, +1.65%   sank over 5%……Read More