Reported 2 months ago
Japanese stocks have experienced their steepest decline since 2020, with the Topix index falling over 10% from its peak in July, primarily due to the Bank of Japan's unexpected rate hike and associated tightening monetary policy. Exporters have suffered from a strengthening yen, while investors took profits from previously high-performing sectors like financials. This downturn occurs against a backdrop of concerns about the U.S. economic slowdown and its implications for global markets.
Source: YAHOO