Japan's Nikkei plunges to 1-1/2-year low as banking shares slump

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TOKYO: Japan's Nikkei share average tumbled nearly 9 per cent early on Monday (Apr 7), while an index of Japanese bank stocks plunged as much as 17 per cent, as concerns over a tariff-induced global recession continued to rip through markets.

The Nikkei dropped as much as 8.8 per cent to hit 30,792.

Heavyweight chip-making equipment manufacturer Tokyo Electron sank 8.6 per cent.

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Category: EconomyBusiness

Markets: SingaporeJapanMali

Topics: Index Nikkei Average Share Japan Cent Stocks Market Dropped Topix Monday

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 09:26:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27640279

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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