Japan’s Nikkei 225 Index Crash: Due to heavy selling, a huge decline is being witnessed in all the markets across the world. On Monday, the Indian stock market also crashed as soon as it opened. On the other hand, a ‘great destruction’ is being witnessed in the Japanese stock market today. Japan’s stock index Nikkei 225 has registered a decline of more than 11 percent due to heavy selling.
The Nikkei 225 index fell more than 11 percent on Monday
As of 2.28 pm on Monday, the Nikkei 225 index was trading at 31,722.73 points, down a massive 4,186.97 points (11.66%). Last week on Friday, the Nikkei 225 had also registered a decline of 5.8 percent. This is the biggest decline in two consecutive trading sessions so far. The Nikkei 225 had fallen 3,836 points (14.9 percent) in October 1987, which was dubbed “Black Monday”.
What are the reasons behind the massive destruction in the Japanese market?
The biggest reasons behind this massive crash in Japan’s stock markets are the slowdown in the US economy and the increase in key interest rates by the Bank of Japan (BOJ). In fact, the recent job report released by the US is worse than expected. Due to which the risk of recession has increased.
There is disappointment in the Indian stock market also
The Indian stock market is also witnessing tremendous pressure of global selling today. On Monday, the BSE Sensex opened at 78,588.19 points with a fall of 2393.76 points, while on the other hand, the NSE Nifty 50 also opened at 24,302.85 points with a fall of 414.85 points. Last week also, a huge fall was seen in the stock market on Friday. On Friday, the Sensex closed with a fall of 885.60 points and the Nifty closed with a fall of 293.20 points.
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