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The Tokyo Stock Exchange in calm after a stormy week

» Published: 08 August 2024

The Tokyo Stock Exchange in calm after a stormy week
Photo: Shuji Kajiyama/AP/TT

The development on the Tokyo Stock Exchange was somewhat more cautious in the initial Thursday trading after a couple of volatile days.

Both the Nikkei 225 index and the broader Topix index stood at plus 0.2 percent when the traders took lunch.

In Hong Kong, the Hang Seng was simultaneously up 0.5 percent.

The composite indexes in Shanghai and Shenzhen hovered around zero.

In South Korea, the Kospi index was down 0.4 percent.

On Monday, the Nikkei 225 index plummeted over 12 percent. It was the largest drop since the so-called "Black Monday" in 1987 when the Nikkei fell 14.9 percent.

The Tokyo Stock Exchange has since then recovered somewhat, after the country's central bank announced that it would wait with interest rate hikes as the markets are so unstable.

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

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