Nikkei falls below 60,000 line, 1st time since May
TOKYO (Kyodo) -- The Nikkei stock index tumbled in early trading Friday and fell below the 60,000 line for the first time since May, tracking overnigh
The Nikkei stock index plummeted in early trading on Friday, dropping below the 60,000 mark for the first time since May, according to Kyodo news agency. This decline mirrored losses seen on Wall Street overnight, fueled by growing concerns over artificial intelligence regulations following the U.S. midterm elections. By 9:26 a.m., the 225-stock Nikkei Stock Average had slipped 4,057.55 points, or 6.64 percent, from the previous day's closing at 57,020.35.
The broader Topix index suffered a similar decline, falling 213.97 points, or 5.43 percent, to 3,726.42. On the Prime Market, nonferrous metals, oil and coal products, and electric appliance stocks faced the steepest declines. At 9 a.m., the U.S. dollar was trading at 157.50-52 yen, while the euro was quoted at $1.1228-1228.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
