Markets Insider (August 3)
2024/ 08/ 04 by jd in Global News
“Japan’s stocks took a hit on Friday, fueled by economic concerns in the US and the Bank of Japan’s interest-rate hike earlier this week.” Closing down 5.8%, the Nikkei marked “its largest daily decline since March 2020 after hitting record highs earlier this month.” The Nikkei was not alone. Amid signs of a cooling economy, U.S. stock indices “tanked across the board over the past two days due to a combination of discouraging economic data points, including rising unemployment and slowing manufacturing and construction.”
Tags: 2020, 5.8%, BOJ, Construction, Cooling, Decline, Discouraging, Economic concerns, Friday, Interest-rate hike, Japan, Manufacturing, Nikkei, Record highs, Stocks, U.S., Unemployment
