Japan’s Nikkei 225 index crashes 7%, yen rallies as US recession concerns shake global markets | Stock Market News

Japan’s Nikkei 225 stock index crashed over 7% early Monday, extending sell-offs that began last week. At one point, the Nikkei shed more than 2,500 points during the day. 

By the time of the Tokyo market’s midday break, the Nikkei index was down about 5.5%, or about 1,900 points, at 33,945.43. Topix index fell as much as 7.8% before recovering to trade down 6.6%.

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