Japan's Nikkei sinks to 1-1/2-year low, bank index plunges 17%

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

The Nikkei dropped as much as 8.8% to hit 30,792.74 for the first time since October 2023.

The index was trading down 7.3% at 31,318.79, as of 0034 GMT.

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Category: EconomyBusiness

Markets: ThailandJapan

Topics: Bank Tokyo: Japanese Average Share Tumbled Trading Nikkei Index Stocks Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 08:44:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 136 words

Reading Time: 1 minutes read

Sentences: 7 lines

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Copyright Owner: © Bangkok Post

News ID: 27638372

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