Nikkei Drops Amid Broader Sell-Off
Nikkei Drops Amid Broader Sell-Off
Nikkei Drops Amid Broader Sell-Off
News summary

Japan's Nikkei index dropped by 3.14% at its lowest point on Monday, finishing down 0.48% at 36,215.75, amid a broader sell-off in tech stocks and exporters following weak U.S. jobs data. The Topix index also declined, closing 0.68% lower. Semiconductor stocks, including Tokyo Electron and Lasertec, led the declines. The U.S. dollar's temporary rebound against the yen mitigated some losses for exporters. The market's downturn follows Wall Street's sharp declines and concerns over a potential U.S. economic slowdown. Despite the sell-off, analysts suggest the Nikkei might stabilize due to a healthy earnings outlook.

Story Coverage
Bias Distribution
75% Right
Information Sources
8f76b506-b4ea-4d97-9e25-107ba95ef15bb60ce1f8-69d4-4067-ad3a-6ac1b988f7c44cacbc6b-b00f-4e58-8f75-480d382d2a4a
Right 75%
Coverage Details
Total News Sources
4
Left
0
Center
0
Right
3
Unrated
1
Last Updated
8 days ago
Bias Distribution
75% Right
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