Global Stock Angst Snowballs as Nikkei 225 Enters Bear Market
- Collapse of ‘Trump bubble’ feeds spreading investor gloom
- Washington provides no stability as president jabs anew at Fed
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Japan’s benchmark Nikkei 225 Stock Average tumbled 5 percent into a bear market as the global equity rout continued unabated in the last week of the year, with renewed turmoil in Washington rattling investors.
Tuesday’s selloff took its cue from the S&P 500’s worst-ever trading session before the Christmas holiday. Shares in China, the other major Asian market open on Tuesday, also declined as investors shrugged off a pledge by the government to do more to support companies.