a standing market on Monday. The Asia-Pacific stock market remained weak from last week’s sell-off, with the Nikkie 225 and Topix dropping over 12%.
The 12.4% loss on the Nikkei was the worst day for the index since the `Black Monday` of 1987. According to the stock market today, this loss was followed by weak jobs data in the United States on Friday. This loss activated concerns about the world’s largest economy.
The Nikkei 225, or the Nikkei Stock Market Average, is a stock market index for the Tokyo Stock Exchange (TSE). The Nikkei index is price-weighted, operating in the Japanese yen, and the components are evaluated twice a year. Nasdaq experts say the Nikkei 225 tracks 225 top public companies in Japan.
The stock market says the yen has been bracing against the dollar since the Bank of Japan raised interest rates last week. This action made the Tokyo stock market today more expensive for foreign investors. Nasdaq today declared that South Korea’s Kospi fell 8.77%, closing at 2,441.55. The small-cap Kodaq saw an 11.3% stock market crash.
With that, and agreeing to Nasdaq, the Nikkei also erased all their gains and now is in a loss position year to date. The stock market crash follows Friday’s rout when Japan’s Nikkei 225 and Topix fell more than 5%an 6%. Nasdaq today confirms that the wider Topix marked their worst day in eight years.
Because of the sell-off, it stopped trading for the Kospi index at 2.14 p.m. Seoul and at 1.56 p.m. for the Kosdaq. The exchanges had an impact on the circuit breakers, which are activated if the stock rises or falls 8%. Meanwhile, investors expected crucial trade data from China and Taiwan this week.
Due to the stock market crash, Taiwan’s standard index was down over 8%. It was pulled by tech and real estate market stocks. Now, Nasdaq declared that Australia’s S&P/ASX200 fell 3.7% to 7,649.6. According to Nasdaq today showed a 1.62% down for the Hang Seng index as their final hour of trade. The last loss in Asia was in China, the CSI 300 fell 1.21% to 3,343.32.
Nasdaq was the first to enter correction territory, down more than 10% from its record high. The S&P 500 dropped 1.84%, while Nasdaq lost 2.43%.
.webp)
.webp)
