Japanese stocks plunged on Monday, pitching the country’s major indices into their third straight session of big declines as global markets shudder at the prospect of a US recession.
In a rout that produced declines in other Asian markets, Japan’s broad Topix index was down as much as 7.3 per cent, virtually wiping out all its gains since the start of the year. The Nikkei 225, which on Friday suffered its biggest one-day fall since the 1987 crash, was down 5.9 per cent.
Source: Financial Times
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