Japan’s Nikkei Stock Average Dives over 1,800 Points
10:08 JST, September 30, 2024
Tokyo, Sept. 30 (Jiji Press)—Japan’s benchmark Nikkei 225 stock average dived over 1,800 points early Monday morning, as investor sentiment was dampened by the result of the ruling Liberal Democratic Party’s presidential election Friday.
Stocks came under heavy selling after former LDP Secretary-General Shigeru Ishiba, who mentioned plans to increase financial income taxes during the party presidential campaigning, was elected new LDP president, market sources said.
At 9:28 a.m., the Nikkei index was down 1,825.07 points, or 4.58 pct, from Friday at 38,004.49.
"Business" POPULAR ARTICLE
-
China Struggles to Develop Passenger Jet to Rival Boeing, Airbus; Russian Cooperation Falls
-
JR East Eyes Freight-Only Cars for Shinkasen Trains as Japan Logistics Industry Suffers from Labor Shortage
-
JR East Employee in His 70s Earns Doctorate on Safe Train Operations; Believes Accidents Caused by Human Error Can Be Reduced
-
Japanese Cosmetics Firms Competing with South Korean Brands over Inexpensive Products; South Korean Brands Dominating Market Through Social Media
-
Japan Makes Taxi, Bus Driver Jobs More Obtainable for Foreigners; Paper Exams Now Offered in 20 Languages
JN ACCESS RANKING
- Harris Widens Lead over Trump to 47%-40%, Reuters/Ipsos Poll Finds
- Japan-S. Korea Exchange Festival Held in Seoul
- Gaza Polio Vaccination Rate Likely Exceeds 90%; UNRWA Health Director Praises ‘Miraculous’ Rollout
- Japan Trying to Draw Digital Nomads, Who Are Seen as Beneficial to Economy, Society
- Typhoon Cimaron Forms South of Japan; Expected to Move Closer to Kyushu, Shikoku in Few Days