Tokyo stocks dive 4% amid Asian market rout
Tokyo
TOKYO stock prices slumped by over 4 per cent on Tuesday amid a general rout that saw Asian shares skid to three-and-a-half-year lows as uncertainty about China's economy and the course of US monetary policy took an increasing toll on markets in the region.
China is Japan's second largest export market after the US and Japan's biggest two-way trading partner including imports. China has also become the biggest single factor behind a boom in inward tourism and shopping in Japan.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sterling rises after UK economy beats expectations and exits recession
China’s car exports hit record high in April, as domestic sales fall
UK exits recession with fastest growth in nearly three years
Europe’s rush for rate cuts shifts global market power away from US
China’s push for greener aluminium hit by erratic rains, power cuts
Saudi crown prince to visit Japan