Japan's Nikkei 225 index plunges 8% as world markets tremble over risks to the US economy
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Japan's benchmark Nikkei 225 stock index has fallen as much as 8.1%; The market's broader TOPIX index also fell 8%; The Nikkei 225 dropped 5.8% on Friday and it is headed for its worst two-day decline ever; Share prices have fallen in Tokyo since the Bank of Japan raised its benchmark interest rate on Wednesday; The dollar was trading at 143.07 yen, down from 146.45 late Friday; South Korea's Kospi plummeted 6.5% as Samsung's shares sank 7.7%; Taiwan's Taiex crumbled, losing 7.4% as Taiwan Semiconductor Manufacturing Co., the world's biggest chip maker, dropped 8%; The future for the S&P 500 was 1.5% lower and that for the Dow Jones Industrial Average was down 0.7%; The VIX, an index that measures how worried investors are about upcoming drops for the S&P 500, fell about 26% as of early Monday; Bitcoin was down 14% at $54,155.00; U.S. benchmark crude oil gained 9 cents to $73.61 per barrel while Brent crude was flat at $76.81 per barrel; Hong Kong's Hang Seng index lost 0.2% to 16,908.96 and the S&P/ASX 200 in Australia declined 12.8% to 7,722.60; The Shanghai Composite index edged 0.1% higher; The S&P 500's 1.8% decline Friday was its first back-to-back loss of at least 1% since April; The Dow Jones Industrial Average dropped 1.5%, and the Nasdaq composite fell 2.4%; The Nasdaq composite is 10% below its record set last month; The Federal Reserve may have kept its main interest rate at a two-decade high for too long, raising risks of a recession in the world's largest economy

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https://abcnews.go.com/US/wireStory/japans-nikkei-225-index-plunges-7-global-sell-112566489