Hong Kong CNN —
Japanese stocks plunged Friday as global markets were rattled by worries about the US economy and as traders braced for further interest rate hikes from the Bank of Japan.
The Nikkei 225 ended 5.8% lower, the index’s biggest daily drop since March 2020. It extended a global stock rout that began following the release of weak US economic data. The Japanese benchmark had already lost 2.5% Thursday and has now closed at its lowest level since January.
European markets also opened lower Friday. The benchmark Stoxx Europe 600 index was down 1.4%.
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