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Japanese Stock Market Plunges Over 800 Points Amidst Global Uncertainty (ANN)
- Writing language: Korean
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Base country: Japan
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- Economy
0000-00-00 00:00:00
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On Monday, June 17th, the Japanese stock market plunged over 800 yen immediately after opening. This is attributed to the global stock market decline following weaker-than-expected US economic indicators last weekend and growing political instability in Europe. In the Tokyo foreign exchange market, the yen is trading around 157 yen to the dollar. (Television Asahi)
The decline in the Japanese stock market is primarily attributed to the recent economic and political instability in the US and Europe. Weak US economic indicators have increased the likelihood of further interest rate hikes by the Federal Reserve, dampening investor sentiment. Furthermore, political instability in Europe, related to the prolonged Russia-Ukraine war, is adding uncertainty to the European economy.
Experts anticipate that the volatility in the Japanese stock market will continue in the short term. In particular, the pace of US interest rate hikes and the political situation in Europe are expected to significantly influence the future direction of the stock market.
