Leading index in Japan recovers in early trading
Published: Tuesday, Aug 6th 2024, 03:40
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After a significant fall, the Japanese leading index Nikkei recovered in early trading on Tuesday. It rose by ten percent in the morning (local time).
On the previous day, the Nikkei index had fallen by more than twelve percent to 4451.28 points, the biggest single-day drop in its history.
The European stock exchanges in Frankfurt am Main, Paris and London also fell on Monday. In the USA, the Dow Jones lost 2.6 percent and the Nasdaq technology index fell by 3.4 percent. The leading Swiss index, the SMI, fell by 2.8 percent to 11,543.25 points. The last time it traded at this level was at the beginning of May.
According to analysts, the turbulence was caused in particular by weak economic data from the USA, which fueled concerns about a possible recession.
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