TOKYO -- Japan's benchmark Nikkei Stock Average recorded its worst-ever daily sell-off on Monday, losing 4,451.28 points from the previous day's closing amid panic selling triggered by fears of a possible U.S. recession and the yen's strength.
Equities
Japan stocks dive 4,451 points, more than Black Monday in 1987
Yen surges to 141 per dollar as potential U.S. recession spooks investors
Japanese stocks have been in a downward spiral since Aug. 1, a day after the Bank of Japan aggressively raised interest rates to 0.25% from 0.1% and said it was open to more hikes this year. (Photo by Satoko Kawasaki)
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