Nikkei Index Falls Amid Global Market Decline

Tokyo stocks experienced a significant decline, with the Nikkei 225 index plunging over 10% amid fears of a recession triggered by weak U.S. jobs data. The index fell 10.01% to 32,314.40 points, marking the worst loss since 2020, as investors reacted to a rising yen and concerns over the Federal Reserve's interest rate policies. The Bank of Japan recently raised its benchmark interest rate to 0.25%, causing further strain on the Japanese market as it affects earnings for major exporters. Additionally, the decline was exacerbated by a nearly 19% drop in Intel's shares, which announced substantial workforce reductions. Overall, the Japanese market has lost over 6% in the past three months, reflecting broader global market anxieties fueled by U.S. economic indicators.