Reported 2 months ago
Japanese stocks faced a sharp decline for the second consecutive day due to expectations of tighter monetary policy, intensified by a global selloff after disappointing U.S. economic data and poor tech earnings. The Topix index dropped significantly as the yen traded near its strongest levels, impacting Japan's export-driven economy. Market fears increased as economists predicted further rate hikes, with many highlighting the precarious economic environment and its effects on risk assets.
Source: YAHOO