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The Tokyo Stock Exchange Continues to Plummet

» Published: 02 August 2024

The Tokyo Stock Exchange Continues to Plummet
Photo: Kyodo News via AP/TT

The Tokyo stock exchange plummeted on Thursday morning, as a result of a strengthened Japanese currency in combination with a decline on the New York stock exchange due to concerns about the American economy.

Shortly after opening, the Nikkei 225 index had fallen by more than 5 percent, which by lunchtime had ticked up to 4.9. The broader Topix index had fallen by 4.7 percent.

It was also gloomy in Hong Kong. The Hang Seng index had fallen by 2.2 percent after a few hours of trading. The Shanghai and Shenzhen composite index were down by 0.6 and 0.3 percent, respectively, at the same time.

TTT
By TTThis article has been altered and translated by Sweden Herald

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