Select Page

Nikkei ends at largest loss since 2016 : Tokyo stocks tumbled on Tuesday in a global stock rout with the Nikkei index posting its biggest decline since June 2016, on panic selling after the steepest single-day point drop on Wall Street overnight.

The 225-issue Nikkei Stock Average ended down 1,071.84 points, or 4.73 percent, from Monday at 21,610.24. The decline was the largest since the index dropped 1,286.33 points in June 2016 and the closing level was its lowest since Oct 23.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 80.33 points, or 4.40 percent, lower at 1,743.41.

Every industry category in the main section lost ground, led by metal product, nonferrous metal, and rubber product issues.

Foreign investors, who accounted for nearly 70 percent of trading on the Tokyo bourse, rushed to unload Japanese stocks to make up for losses from the U.S. stocks as well as on U.S. Treasurys, brokers said. Read more

Read also:  Salah Abdeslam: Paris suspect attacks ‘anti-Muslim bias’

Nikkei ends at largest loss since 2016 : Tokyo stocks tumbled on Tuesday in a global stock rout with the Nikkei index posting its biggest decline since June 2016, on panic selling after the steepest single-day point drop on Wall Street overnight.

The 225-issue Nikkei Stock Average ended down 1,071.84 points, or 4.73 percent, from Monday at 21,610.24. The decline was the largest since the index dropped 1,286.33 points in June 2016 and the closing level was its lowest since Oct 23.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 80.33 points, or 4.40 percent, lower at 1,743.41.

Every industry category in the main section lost ground, led by metal product, nonferrous metal, and rubber product issues.

Foreign investors, who accounted for nearly 70 percent of trading on the Tokyo bourse, rushed to unload Japanese stocks to make up for losses from the U.S. stocks as well as on U.S. Treasurys, brokers said