Japan’s Nikkei 225 drops more than 2% as Asia stocks fall following tumble on Wall Street

Japan’s Nikkei 225 drops more than 2% as Asia stocks fall following tumble on Wall Street


SINGAPORE — Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight.

The Nikkei 225 in Japan slipped 2.63% in early trade while the Topix index shed 2.31%. Japan’s exports rose 12.5% year-on-year in April, data from the country’s Ministry of Finance showed Thursday. That was lower than expectations for a 13.8% increase, according to Reuters.

South Korea’s Kospi dropped 1.93%, while the S&P/ASX 200 in Australia slipped 0.78%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.65% lower.

Australia’s jobs data for April is expected to be released at 9:30 a.m. HK/SIN today.

Stock picks and investing trends from CNBC Pro:

Major indexes on Wall Street tumbled, with the Dow Jones Industrial Average closing at its lowest since March 2021. The Dow dropped 1,164.52 points, or 3.57%, to 31,490.07.

The S&P 500 slipped 4.04% to 4,923.68, while the tech-heavy Nasdaq Composite fell 4.73% to 11,418.15.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 103.823 — off levels below 103.5 seen earlier in the week.

The Japanese yen traded at 127.92 per dollar, stronger than levels above 129 seen yesterday against the greenback. The Australian dollar was at $0.6961 after a recent decline from levels above $0.70.



Source

How Florida quietly surpassed California in solar growth
World

How Florida quietly surpassed California in solar growth

Solar energy is booming across the U.S. and, for the first time, Florida is catching up to industry powerhouses Texas and California. Despite removing climate change from its official state policy in 2024, Florida added more utility-scale solar than California last year, with over 3 gigawatts of new capacity coming online.  “This is not a […]

Read More
Yoga, Zumba or HIIT? The best way to exercise, based on your personality type
World

Yoga, Zumba or HIIT? The best way to exercise, based on your personality type

Curating your fitness routine to better match your personality could help you get the most out of your workouts, a new study shows. The paper, published last month in Frontiers in Psychology, shows that certain personality traits may indicate which type of exercises people enjoy and how likely they are to stick with them. “We […]

Read More
29-year-old American left NYC and moved to Istanbul where he started a tourism company that brought in 0,000 last year
World

29-year-old American left NYC and moved to Istanbul where he started a tourism company that brought in $100,000 last year

In 2017, Doug Barnard, a college student at the time, took a trip to India with his mom. The experience was so impactful that it eventually inspired him to become a full-time traveler—a path he didn’t know was possible for him. “Going to India was an eye-opening experience for me. It was the first time […]

Read More