Japanese Shares Track Wall Street Lower
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Japanese shares fell sharply, with the Nikkei 225 Index down 2.5% to around 50,200 and the Topix Index dropping 1.3% to 3,267. This decline follows Wall Street's selloff, driven by concerns over high AI valuations and warnings from Goldman Sachs and Morgan Stanley CEOs about potential market drawdowns. Tech stocks, including SoftBank and Tokyo Electron, saw significant losses. Investors are also anticipating key economic data this week, which may influence the Bank of Japan's policy decisions, amid speculation of a possible rate hike in December.
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Source: Trading Economics The copyright of this article belongs to the original author/organization.
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