Tokyo Stocks Close Tuesday Down
(MENAFN) Japanese equities tumbled Tuesday in a sharp market reaction to mounting political turmoil, as the Komeito Party's abrupt exit from its decades-long alliance with the ruling Liberal Democratic Party (LDP) triggered a wave of investor anxiety.
The Nikkei 225, Japan’s main stock benchmark, plummeted 1,241.48 points, or 2.58%, to close at 46,847.32 — marking its steepest single-day loss in months.
Markets came under pressure early in the session and selling escalated through the afternoon, with foreign short-term traders ramping up futures hedging. At one stage, the Nikkei’s losses swelled past 1,500 points.
Risk-off sentiment swept through the market, prompting widespread dumping of blue-chip stocks.
The broader TOPIX index also suffered, losing 63.60 points, or 1.99%, to end the day at 3,133.99.
On the Tokyo Stock Exchange Prime Market, declining issues overwhelmed risers, with 1,326 stocks falling, 264 gaining, and 25 unchanged.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
