Nikkei stock index sinks over 3% to below 66,000
TOKYO (Kyodo) -- The Nikkei stock index sank more than 3 percent early Wednesday, dipping below the 66,000 line following losses on Wall Street overni
The Nikkei stock index experienced a significant decline of more than 3 percent early Wednesday, plummeting below the 66,000 mark. This sharp drop followed losses on Wall Street overnight, exacerbated by rising bond yields and renewed concerns about potential military action in the Middle East. At 9:16 a.m., the 225-stock Nikkei Stock Average had plummeted 2,070.41 points, or 3.07 percent, from its Tuesday closing level of 65,390.32.
The more comprehensive Topix index also suffered, falling 112.50 points, or 2.72 percent, to 4,027.72. Among the most affected sectors were nonferrous metals, machinery, and glass and ceramic products. Meanwhile, the U.S. dollar traded at 159.56-57 yen in Tokyo, up from 159.56-66 yen in New York and 159.71-73 yen late Tuesday, while the euro was quoted at $1.1576-1576 and 184.69-71 yen in Tokyo, versus $1.1570-1580 and 184.75-85 yen in New York.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
