Hong Kong CNN —
Japan’s stock market plunged further on Monday as a global sell-off intensified following weak US jobs data.
The Nikkei 225 fell as much as 7.1% in early trade, pushing its losses to 21% since early July. The index is poised to enter bear market territory, which is defined as a 20% pullback from recent highs. It later pared its losses to 5.8%.
On Friday, the index closed down 5.8%, marking its biggest daily drop since March 2020, as traders fretted about the impact of a stronger yen on Japanese companies after the Bank of Japan
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