MILAN – The day of the financial markets starts with another meltdown: after just under two and a half hours of trading the Tokyo Stock Exchange loses 5 , 39% down for the first time since October 2014 under the psychological threshold of 15,000 points. Also weighing on the index Nikkei is the appreciation of the yen – a safe haven – against the dollar, which penalizes the Japanese exporting companies, as well as fears of another recession and concerns about the health of European banks which yesterday ditched all the main lists. Hong Kong also fell, albeit to a lesser extent. Still closed for the Lunar New Year markets of China, Taiwan and Vietnam.
- Topics:
- European stocks
- Asian stocks
- Wall Street
- Starring:
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