Japan's Nikkei logs worst day since 1987 Black Monday crash
Japan stocks confirmed a bear market on Monday as Asia-Pacific markets continued the sell-off from last week, with the Nikkei 225 and Topix dropping over 12%.
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Japan stocks confirmed a bear market on Monday as Asia-Pacific markets continued the sell-off from last week, with the Nikkei 225 and Topix dropping over 12%.
LONDON — European markets fell sharply at the start of the new trading week, though pared losses towards the end of the session amid a global stock sell-off.
SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son's fortune.
TOKYO -- Japan's benchmark Nikkei Stock Average recorded its worst-ever daily sell-off on Monday, losing 4,451.28 points from the previous day's closing amid panic selling triggered by fears of a possible U.S. recession and the yen's strength.
HONG KONG/SINGAPORE -- Foreign investors are shying away from deploying capital to commercial properties in China's beleaguered real estate market, with the remaining players pinning their hopes on niche strategies in areas such as environmentally friendly developments.
Monex Group's Jesper Koll says he is prepared to "start buying Japan" on the back of fundamentals still being "solid" in the country, even as Japanese markets on Monday experienced a major stock-sell off.
Anticipation of US interest rate cuts in September drove China’s yuan to a seven-month high against the US dollar on Monday, and also boosted the Japanese yen, with some analysts expecting the outlook for the Chinese currency would still largely depend on the strength of the US dollar.
Going into the Japanese market at this moment is akin to catching "a falling knife," Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, told CNBC's "Squawk Box Asia."