Nikkei News

Japanese PM Shinzo Abe resigns over worsening health Abe said he was resigning because of poor health, ending a stint at the helm of the world`s third-biggest economy during which he sought to revive growth and bolster its defences Japan`s benchmark Nikkei average fell 2.12% to 22,717.02, while the broader Topix shed 1.00% to 1,599.70

The Nasdaq closed down 12.4 percent from its August 29 record closing high, falling 4.4 percent for the day in its biggest one-day percentage decline since August 18, 2011.

The Shanghai Composite index plunged 5.2 percent to its lowest level since November 2014 and Japan's Nikkei 225 fell by an unusually wide margin of almost 4 percent. Markets across Southeast Asia recorded similar declines.

Asian share markets sank on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe.

The S&P BSE Sensex ended at 33,747, down 300 points while the broader Nifty50 index settled at 10,359, down 99 points.

The Nikkei Manufacturing Purchasing Managers` Index, compiled by IHS Markit, fell to 50.3 last month from September`s 51.2, marking its third month above the 50-point threshold that separates growth from contraction.

The dollar buckled and US bond yields dipped after a report that President Donald Trump was leaning towards Jerome Powell as the next chair of the Federal Reserve.

MSCI`s broadest index of Asia-Pacific shares outside Japan gained 0.2 percent to its highest level since late 2007.

Japan`s Nikkei rose more than 1 percent to a near two-year high on Tuesday, encouraged by rebound in U.S. hi-tech shares as investors bet on solid growth in the economy and corporate profits globally.

Shares in Japanese IT giant Fujitsu soared on Thursday on news it is considering merging its struggling personal computer division with China's Lenovo, the world's biggest PC maker.

Equities started the week on a distinctly weak note after the Sensex tumbled 374 points on Monday -- the most in two weeks -- tracking global sell-off ahead of the US presidential debate and an OPEC meeting due this week.

Japanese stocks posted their biggest decline in more than a month on Monday after comments by U.S. Federal Reserve officials sparked fears of a rate hike as soon as next week, weighing on shares and other risk assets globally.

Mitsubishi Motors Corp overstated the fuel economy on eight of its vehicle models, in addition to four others the embattled Japanese automaker admitted to earlier this year, the Nikkei newspaper reported on Tuesday.

Japan`s Fair Trade Commission has raided the office of Amazon Japan on suspicion of pressuring retailers to offer products on more favourable conditions than on rival sites, the Nikkei business daily reported on Monday.

Asian shares ticked up slightly on Monday after disappointing U.S. economic growth data reduced expectations of a rate hike by the U.S. Federal Reserve in the next few months.

Tokyo stocks sank on a strong yen as traders await central bank meetings in Japan and the United States this week, while other Asian markets fluctuated following a negative lead from Wall Street.

Asian markets mostly fell Tuesday as a week-long rally finally came to an end with traders cashing in profits and awaiting developments in Britain`s preparation to leave the European Union after last month`s exit vote.

Asian markets rose for a second day Wednesday on hopes that authorities will unveil fresh stimulus to counter the effects of Britain`s shock vote to leave the European Union.

Asian stock markets resumed their losses Tuesday morning, extending another sharp sell-off in Europe and New York that was fuelled by Britain`s shock decision to tear itself away from the EU.