Japanese stocks plunge due to concerns over the global economy
March 25, 2019 | Investopaper
The stock market of Japan suffered a tumble as investors sold their shares due to ongoing worry about the global economy. The Nikkei 225 lost 3.01 percent and closed at 20,977.11 on Monday. The Topix index closed on 1,577.41, a decline in value by 2.45 percent.
With the plunge in the Japanese market, the shares of Softbank Group declined by a massive 5.01 percent. Sharp sell-off of shares in Japanese Share market took place on Monday.
The worry about the impending economic recession in the global economy contributed to the mass sell-off in the Japanese market. Economic data released on Friday by Europe and the economic downgrade by the Federal Reserve confirmed the worry about the global economy.
Likewise, the government data published on last Friday showed that the annual core consumer inflation remained sluggish in February.
