Japan’s Nikkei 225 index crashes 7%, yen rallies as US recession concerns shake global markets
Japan’s stock market plunged on Monday, extending last week’s sell-offs, as the Nikkei 225 stock index crashed over 7%. Nikkei fell more than 2,500 points during the day, before recovering slightly. By the time of the Tokyo market’s midday break, the Nikkei index declined about 5.5%, or about 1,900 points, at 33,945.43. The broader Topix …