Again Japan’s largest stock index the Nikkei 225 fell by 12 percent on Wednesday, which was the worst trading in the index since 1987. 4 % and agree to a bear market for Japanese stocks after they wiped out all the year’s gains.
The Topix too declined by more than 12%. The professional stock markets, which include Kospi of South Korea, declined by 8. as low as 1% and was also almost stopped trading for the periods of circuit breakers.
Yen rose against the dollar, and the market domestically looks forward to the export figures of China and Taiwan, and also the decisions of the central banks of Australia & India. At the same time, American equities went down as well, with Nasdaq joining the ranks of corrected indices.
1. Nikkei’s Decline: This reduced the Nikkei 225 by 12. 4 percent which became its worst single drop since the occurrence of Black Monday in 1987 and it entered bear territory.
2. Topix Performance: The Topix index ended the year 12 down. 23%, which was its worst performance for eight years.
3. Yen Strength: The Japanese yen rose to the highest level it has been against the dollar this year at 142. 09.
4. South Korean Market: Kospi declined 8. 1%, shares were temporarily suspended because of circuit rebates. The Kosdaq dropped 11%. 71%.
5. Regional Markets: Taiwan’s index closed below 8 000 points, the index of Australia decreased by 3 percent. 7%.
6. China’s Service Sector: China’s service sector grew up as per the PMI which increased to 52. One is in July and stands for increase in stocks of crude oil.
7. U. S. Market Decline: This comes after U.S stocks tumbled with the Nasdaq cracking the correction for the year and S&P 500 as well as Down pulled back.
8. Upcoming Events: Following China and Taiwan’s key exports and imports as well as Australia and India central bank rate decisions.
