Japan’s shares plunge more than 10% extending sell-offs; July services PMI revised downwar

Japanese Flag and Economic Downturn With Stock Exchange Market Indicators in Red

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The Nikkei 225 index fell more than 10% to around 31,135 while the broader Topix lost 6.5% to 2,370 early Monday, with both indexes hitting seven-month lows on concerns about rising interest rates in Japan and also under pressure from safe-haven buying.

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