Japan’s Nikkei Average Temporarily Drops Over 3,200 Points; Yen Rises to 142 Against Dollar (Update 2)

The Yomiuri Shimbun

14:04 JST, August 5, 2024

The Nikkei stock average temporarily dropped over 3,200 points, or about 9%, on Monday compared to Friday’s close. The Nikkei index was hovering around the 32,700 yen level as of 2 p.m.

Meanwhile, the yen continued to appreciate against the dollar, rising to the 142 yen level.