Nikkei Plunges Nearly 13% on US Economy Fears

The Nikkei 225 index in Japan experienced a significant drop, nearing 13%, due to investor concerns about the US economy. This decline, triggered by widespread share selling, puts the index on track for its worst two-day performance ever. While not as severe as the 1987 "Black Monday" crash, this decline is comparable to those experienced in 2008 and 2011. The sell-off, impacting various companies like Toyota, Honda, and Mitsubishi, follows the Bank of Japan`s recent interest rate increase.