Tokyo stocks fell sharply on Thursday following plunges in the US overnight. Investors are worried that global inflation could weigh on Japanese companies and trigger an economic slowdown.
The Nikkei Average ended the day at 26,402, down 1.9 percent from Wednesday's close. It lost 760 points at one stage.
Investors sold off shares in a wide range of sectors after Wall Street fell. Major retailers in the US reported a sharp drop in profits for the quarterly period through April.
A week ago the Nikkei 225 finished below the 26,000 mark for the first time in about 2 months. It had risen for four-straight trading days until Wednesday as some investors went looking for bargains.
The Nikkei Average ended the day at 26,402, down 1.9 percent from Wednesday's close. It lost 760 points at one stage.
Investors sold off shares in a wide range of sectors after Wall Street fell. Major retailers in the US reported a sharp drop in profits for the quarterly period through April.
A week ago the Nikkei 225 finished below the 26,000 mark for the first time in about 2 months. It had risen for four-straight trading days until Wednesday as some investors went looking for bargains.
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Summary
Tokyo stocks declined by 1.9% on Thursday, following US market drops, with concerns over global inflation and potential economic slowdown impacting Japanese companies. The Nikkei Average ended at 26,402. This downturn occurred after a brief rally where the Nikkei 225 had gained for four
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ID: 6286c9ef-bfd4-4f78-803b-0fcfc0a80b98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20220519_23/
Date: May 19, 2022
Created: 2022/05/20 07:51
Updated: 2025/12/09 16:11
Last Read: 2022/05/20 07:51