Global shares have dropped, with Tokyo’s benchmark losing more than 1,300 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive
Global shares have dropped, with Tokyo’s benchmark losing more than 1,300 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-diveA currency trader watches monitors near the screen showing the Korea Composite Stock Price Index , top left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 25, 2024.
In currency trading, the U.S. dollar edged down to 152.50 yen from 153.89 yen. The euro cost $1.0844, up from $1.0841. South Korea’s Kospi declined 1.7% to 2,710.65 after the government reported the economy contracted at a 0.2% rate in the last quarter.
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