The gloomy sentiment in Asia markets after a sell-off on Wall Street in Thursday's trading session, which saw all three major U.S. indexes plunge on recession fears.
An electronic stock board displayed inside the Kabuto One building in Tokyo, Japan, on Thursday, June 27, 2024.nosedived 5% on its open, with most Asia-Pacific markets lower after a sell-off on Wall Street overnight.
The Nikkei extended its 2.62% slide on Thursday to lead losses in the region and reach its lowest level since February. The Topix also plunged more than 5%. Some heavyweight names that are seeing losses include Softbank Group, which tumbled 6.7%. Trading houses Mitsui and Marubeni saw losses of over 9% and 7%, respectively.falling below the 1% mark to hit its lowest level since June.was also 2.07% down, retreating from its all-time high achieved on Thursday.South Korea's inflation numbers for July
came in slightly higher than expected, with the country's consumer price index climbing 2.6% year on year, compared to the 2.5% expected by economists polled by Reuters. The gloomy sentiment in Asia markets comes after a sell-off on Wall Street in Thursday's trading session, which saw all three major U.S. indexes plunge on recession fears.
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