Japan's benchmark Nikkei 225 stock index has lost 12.4% on Monday, August 5, 2024, in the latest bout of sell-offs that are jolting world markets. (AP Photo/Peter Morgan, File) via Associated PressNEW YORK (AP) — Japan’s benchmark Nikkei 225 index soared nearly 11% early Tuesday, a day after it set markets tumbling in Europe and on Wall Street. Critics have been saying for a while that the stock market looked expensive after prices rose faster than corporate profits. Worries outside corporate profits, interest rates and the economy are also weighing on the market. Wall Street has been concerned about how policies coming out of November could impact markets, but the sharp swings for stock prices could affect the election itself.

Source: Huffington Post August 05, 2024 14:06 UTC