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Markets tumble, led by 5.8% drop in Tokyo following a tech-driven retreat on Wall Street

  • Japan’s Nikkei 225 index dropped 4.6%, facing technology losses and impacts from a strong yen.
  • The Nikkei 225 lost over 2,000 points, marking its worst loss since 2020, settling at 35,907.17.
  • Chinese shares fell further as investors expressed disappointment with the government’s limited growth measures.
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Shares sink in Japan as a tech-driven retreat on Wall St drives selling of chip makers and exporters

Japan's benchmark Nikkei 225 index has dropped nearly 6% after a broad retreat on Wall Street. The decline was the worst for Tokyo since the worst pandemic selloffs of 2020.

·United States
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Winnipeg Free Press broke the news in Winnipeg, Canada on Thursday, August 1, 2024.
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