Nikkei 225 Plummets Amid Economic Worries

Japan's Nikkei 225 share index experienced a steep decline, plunging as much as 10% due to concerns about the US economy. By midafternoon Monday in Tokyo, it was down over 3,500 points at 32,385.01. This follows a 5.8% drop on Friday, marking a potential record for its worst two-day fall.

Japan's Nikkei 225 share index experienced a significant plunge, dropping by as much as 10% on heavy selling driven by concerns that the US economy might be in worse shape than anticipated.

By midafternoon Monday in Tokyo, the Nikkei was down more than 3,500 points at 32,385.01, following a 5.8% decline last Friday.

This consecutive fall could signify the index's worst two-day drop in history. The decline follows the Bank of Japan's recent decision to raise its benchmark interest rate to levels seen about a year ago.