Tokyo stock crash nightmare: Nikkei 225 index sees largest drop IN HISTORY due to fears of a US recession
Daily MailNikkei has lost $792.32 billion of market value since July 11 - a 27% drop Tokyo's stock market nosedived more than 12 per cent this morning in the latest bout of sell-offs to shake world markets as investors fret over the state of the US economy. The benchmark Nikkei 225 index suffered its largest points drop in history, plunging 12.40%, or 4,451.28 points, to 31,458.42 as the broader Topix index lost 12.23%, or 310.45 points, to 2,227.15. The benchmark Nikkei 225 index suffered its largest points drop in history, plunging 12.40%, or 4,451.28 points, to 31,458.42 as the broader Topix index lost 12.23%, or 310.45 points, to 2,227.15 Japanese Finance Minister Shunichi Suzuki declared today the government was cooperating with the central bank and closely monitoring markets with a sense of urgency. 'The rapid move in the yen is putting downward pressure on Japanese equities, but it's also driving an unwind of a major carry trade - investors had leveraged up by borrowing in yen to buy other assets, chiefly US tech stocks,' said Kyle Rodda, a senior financial market analyst at Capital.com in Melbourne.