Nikkei Plummets After Opening Friday

TOKYO, Aug 02 (News On Japan) - The Nikkei started to plunge immediately after the market opened on Friday, August 2nd, with the drop of more than 2000 points, marking the largest decline this year.

The closing price was 35,909.

The morning closing price was 36,261, down 1,864 from the previous day, marking the first time in approximately three and a half months that it has remained in the 36,000 range.

The primary reason for this sharp decline is the growing concern over a rapid economic downturn in the United States.

Economic indicators released on the 1st all showed deterioration, raising fears of an economic slowdown, leading to a significant drop in the New York market.

Source: ANN

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