Business
TOKYO stocks plunged on Monday, with selling fueled by uncertainty over the world economy amid the escalating geopolitical risks in the Middle East.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 656.96 points, or 2.03 per cent, from Friday to close the day at 31,659.03.
The broader Topix index, meanwhile, finished 35.21 points, or 1.53 per cent, lower at 2,273.54.
The Nikkei benchmark briefly lost over 700 points, reflecting investor moves to avert risks amid growing uncertainty about the global economy after the Israel-Hamas conflict intensified over the weekend, market watchers here said.
Selling was also spurred in the afternoon by losses in other Asian markets.
Stocks were sold almost across the board amid heightening uncertainties, analysts said.
On the top-tier Prime Market, decliners were led by air transportation, land transportation and service issues.
ANA Holdings, the parent company of All Nippon Airways Co., slipped 69.5 yen, or 2.3 per cent, to 2,941.5 yen, while Japan Airlines dropped 83.5 yen, or 3.0 percent, to 2,694.5 yen. (Xinhua/NAN)
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-October 16, 2023 @ 14:43 GMT |
Tags: Nikkei stock index Tokyo stocks
