Japan’s Nikkei enters bear market zone with 26% dip but Nifty down only 4% from peak

August 5, 2024

While Nifty’s nearly 4% fall from its peak over the last couple of sessions rests on imported factors, its Asian peer Nikkei 225 has plunged by 26% and entered a bear market on setback to its yen carry trade, following Bank of Japan’s decision to hike policy rate by 25 bps.

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