A sharp correction has wiped out $400 billion in market value, marking a significant pullback from the index’s June all-time high.
Japan’s stock market has shed $400 billion in value in a sharp correction, with the Nikkei falling more than 10% from its June all-time high. The move signals a significant retreat after a strong run-up and places the benchmark in correction territory, a market term typically used for a decline of 10% or more from a recent peak.