Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Japan’s Nikkei down 8% wipes out the gains for the year

August 05, 2024 at 05:28AM
The Nikkei 225 futures have now been suspended amid triggering the circuit breaker. Talk about carnage. In just three days, the Nikkei itself has erased its gains for the entire year-to-date. It was less than four weeks ago that the index hit a record high above 42,000. Pain.

The selling has been quite relentless not just here but in US futures as well. Tech shares are the ones bearing the brunt of the declines once more. S&P 500 futures are down 1.6% and Nasdaq futures down 3.0% currently. Meanwhile, Dow futures are down 0.8% on the day.

This article was written by Justin Low at www.forexlive.com.

Japan’s Nikkei down 8% wipes out the gains for the year